The CBDT issued Notification No. 15/2025 dated February 10, 2025, approved Bhaikaka University in Anand, Gujarat (PAN: AAGAB9280N) for scientific research under the category of “University, college or other institution” as per Section 35 of the Income-tax Act, 1961, read with Rules 5C and 5E of the Income-tax Rules, 1962. This approval is effective from the Previous Year 2024-25 and applies to Assessment Years 2025-26 to 2029-30.
“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 ‘Bhaikaka University’ Anand, Gujarat (PAN: AAGAB9280N) for ‘Scientific Research’ under the category of ‘University, college or other institution’ 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.
This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2024-25) and accordingly shall be applicable for Assessment Years 2025-26 to 2029-30.
Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.”
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/02/CBDT-NN-10.02.2025.pdf
