The Principal Chief Commissioner of Income Tax (Exemptions), Delhi, under the Central Board of Direct Taxes (CBDT), Ministry of Finance, has accorded approval to M/s Center for Incubation Innovation Research and Consultancy, Bengaluru, for undertaking “Scientific Research” for the purposes of section 45(3)(b) of the Income Tax Act, 2025, read with Rule 35 of the Income Tax Rules, 2026. The approval has been notified through Notification No. 7/2026 dated 6 August 2026.
The Notification has been issued in exercise of the powers conferred under section 45(3)(b) of the Income Tax Act, 2025, read with Rule 35 of the Income Tax Rules, 2026. It grants the prescribed approval to the Bengaluru-based entity for scientific research within the framework provided under the new income-tax law and rules.
The approved entity, M/s Center for Incubation Innovation Research and Consultancy (PAN: AAGCC6539D), is located at Sy. No. 34, Building Jyothy Institute of Technology, Thathaguni, Thalaghattapura S.O., Bengaluru – 560109.
The approval will be applicable for a period of five Tax Years, beginning from Tax Year 2026-27 and continuing up to Tax Year 2030-31. Accordingly, the entity will remain covered by the notified approval for scientific research for the specified period, subject to the provisions and requirements prescribed under the Income Tax Act, 2025 and the Income Tax Rules, 2026.
The notification forms part of the statutory framework governing recognition and approval of entities engaged in scientific research, thereby facilitating the application of the relevant provisions of section 45(3)(b) in respect of eligible research activities.
An Explanatory Memorandum accompanying the Notification certifies that no person is being adversely affected by the grant of retrospective effect to the notification.
The Notification has been issued by the Principal Chief Commissioner of Income Tax (Exemptions), Delhi, with the approval taking effect for the specified five-tax-year period.
The Notification can be accessed at: https://www.incometaxindia.gov.in/documents/d/guest/notification_no_07_2026-pdf
