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Notification No.70/2021 u/s 35(1)(ii)/(iii) of the Income-tax Act, 1961 in the case of M/s Indian Institute of Technology (IIT), Bhilai
June, 10th 2021

 

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 8th June, 2021

S.O. 2175 (E).— In exercise of the powers conferred by clauses (ii) and (iii) of sub-section (1) of
section 35 of the Income-tax Act, 1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962, the
Central Government hereby approves M/s Indian Institute of Technology, Bhilai (PAN: AABAI0415K) under the
category of ‘University, College or other institution’ for Scientific Research and Research in Social Science and
Statistical Research for the purposes of clauses (ii) and (iii) of sub-section (1) of section 35 of the Income-tax Act,
1961 (43 of 1961) read with rules 5C and 5E of the Income-tax Rules, 1962.

2. This Notification shall be deemed to have been applied for the assessment year 2021-2022 and shall apply
with respect to the assessment years 2022-2023, 2023-2024, 2024-2025 and 2025-2026.

[(Notification No. 70 /2021) F.No.203/06/2020/ITA-II]
PRAJNA PARAMITA, Director

Explanatory Memorandum: It is certified that no person is being adversely affected by giving retrospective effect
to this notification.

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.

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