CBDT notifies University of Patanjali, Haridwar as Research Institution under Section 35(1)(iii) for Tax Exemption

The Central Board of Direct Taxes(CBDT) has approves ‘M/s Patanjali Yog Peeth Nyas, Delhi’ for its university unit ‘University of Patanjali, Haridwar’ under the category of university, college or other institution for research in social science or statistical research under Section 35(1)(iii) read with Rules 5C and 5E of the Income Tax Rules, 1962 via issuing Notification.

The Issued Notification Stated as, “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 ‘M/s Patanjali Yog Peeth Nyas, Delhi (PAN: AABTP0560H) for its university unit ‘University of Patanjali’, Haridwar’ 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.”

The notification shall be applicable with effect from June 23, 2023 i.e from AY 2024-2025 to 2028-2029.

It is certified that providing retrospective effect to this notification would have no negative consequences.

For Official Notification Download PDF Given Below: