The CBDT vide Notification No. 07/2025 dated January 14, 2025, notifies the Central Power Research Institute (CPRI), Bengaluru (PAN: AAAAC0268P), as a ‘Research Association’ for ‘Scientific Research’ under Section 35(1)(ii) of the Income-tax Act, 1961. This approval, issued under Rules 5C and 5D of the Income-tax Rules, 1962, is effective from the publication date in the Official Gazette (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 5D of the Income-tax Rules, 1962, the Central Government hereby approves Central Power Research Institute (CPRI) (PAN: AAAAC0268P), Bengaluru under the category of ‘Research Association’ 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 5D 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 2025-2026 to 2029-2030.”
The Notification can be accessed at: https://a2ztaxcorp.net/wp-content/uploads/2025/01/CBDT-7_2025.pdf
