In exercise of the powers conferred by clause (aa) of sub section (1) of section 7 of the Customs Act, 1962 (52 of 1962)

/ BUSINESS & ECONOMY / By / March 4, 2022

MINISTRY OF FINANCE


(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)


NOTIFICATION


New Delhi, the 3rd March, 2022
S.O. 985(E).—In exercise of the powers conferred by clause (ii) 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 ‘Sri Shankara Cancer Foundation, Bangalore (PAN: AAHTS5593F)’ under the category of ‘University, College or other institution’ for Scientific Research for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rules
5C and 5E of the Income-tax Rules, 1962.

  1. This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2021-22) and accordingly shall be applicable for Assessment Years 2022-2023 to 2026-2027.

  2. [Notification No. 14/2022/F. No. 203/03/2021/ITA-II]

  3. RAVINDER MAINI, Director
    Explanatory Memorandum : It is certified that no person is being adversely affected by granting
    retrospective effect to this notification.
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