CBDT approves Auroville Foundation u/s 35(1)(iii) for AY 2025-2026 to 2029-2030

CBDT approves Auroville Foundation as ‘Other Institution’ for research in social science or statistical research u/s 35(1)(iii)

MINISTRY OF FINANCE

Department of Revenue

CENTRAL BOARD OF DIRECT TAXES

Notification No.102/2024

New Delhi, the 18th September, 2024

S.O. 3961(E).—In exercise of the powers conferred by clause (iii) 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 Auroville Foundation (PAN: AAATA0037B) as ‘Other Institution’ for research in social science or statistical research for the purposes of clause (iii) 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.

2. 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.

[F.No. 203/12/2024/ITA-II]

CASTRO JAYAPRAKASH T.,Under Secy.

Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification

• Lokayukta Police not exempt from disclosure of information under RTI Act 2005 – SC
• Payment of imprest whether a transfer within the meaning of section 269ST
• CA Misconduct – Order quashed as judgment not passed by same members who heard arguments.
• Deceased homemaker can not be considered as dependant for award of compensation under MV Act – SC
• CIT notice u/s 263 quashed as AO rightly took DVO value of property as actual sale price