The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has accorded approval to M/s IIT Madras Research Park (AABCI5225P) for engaging in Scientific Research activities, in accordance with Section 35(1)(iia) of the Income-tax Act, 1961, read with Rule 5F of the Income Tax Rules, 1962.
The approval was granted by the Principal Chief Commissioner of Income Tax (Exemptions), Delhi, through Notification No. 01/2025 dated August 27, 2025. The notification specifies that the approval will be valid from April 1, 2025, to March 31, 2030, covering five assessment years from AY 2026-27 to AY 2030-31.
The recognition enables IIT Madras Research Park, located in Taramani, Chennai, to avail benefits under the said section for carrying out eligible scientific research activities.
An Explanatory Memorandum attached to the notification clarified that no person will be adversely affected by granting retrospective effect to this approval.
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/08/notification-no-1-2025-exemption.pdf
