The Central Board of Direct Taxes (CBDT), through Notification No. 38/2024 dated April 09, 2024, has officially recognized the ‘Amul Research and Development Association’ as a “Research Association” for scientific research under section 35(1)(ii) of the Income-tax Act, 1961.
This approval is granted under the authority of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961, in conjunction with Rules 5C and 5D of the Income-tax Rules, 1962. The association, based in Anand, Gujarat (PAN: AAATA2673H), is endorsed for research in ‘Scientific Research’ category.
Significantly, this notification retroactively applies from Assessment Years (AYs) 2008-09 to 2021-22, ensuring continuity and legality.
Explanatory Memorandum
This decision is a result of the orders from the Hon’ble Gujarat High Court, dated August 04, 2009, in Writ Petition No. 2913/2009, and another order dated October 16, 2018, in SCA No. 9237 of 2012, in the case of M/s Amul Research and Development Association vs. CBDT.
It’s noteworthy that the retrospective application of this notification does not adversely affect any individual or entity.
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