CBDT Approves Shri Sharada Institute of Management Research Foundation Trust for purpose of sec 35

The Central Board of Direct Taxes (CBDT) Vide Notification No. 33 /2022/F. No. 203/06/2021/ITA-II dated 19th April, 2022 approves Shri Sharada Institute of Management Research Foundation Trust for the purposes of section 35.

Text of the notification is Given Below:

S.O. 1875(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 ‘Sri Sharada Institute of Indian Management Research Foundation Trust, New Delhi, (PAN: AAJTS0088H)’ as ‘other Institution’ under the category of ‘University, College or 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 2022-23) and accordingly shall be applicable for Assessment Years 2023-2024 to 2027-2028.

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