The Central Board of Direct Taxes (“CBDT”) vide Notification No. 38/2024 dated April 09, 2024 notifies the ‘Amul Research and Development Association’ as a “Research Association” for scientific research under section 35(1)(ii) of the Income-tax Act, 1961.
In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 (43 of 1961) read with Rules 5C and 5D of the Income-tax Rules, 1962, the Central Government hereby approves ‘Amul Research and Development Association, Anand, Gujarat (PAN: AAATA2673H)’ under the category of ‘Research Association’ for research in ‘Scientific Research’ for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with Rules 5C and 5D of the Income-tax Rules, 1962.
This Notification shall be deemed to have been applied from Assessment Years (AYs) 2008-09 to 2021-22.
Explanatory Memorandum
This Notification is issued in consequence to Hon’ble Gujarat High Court order dated August 04, 2009 in Writ Petition No. 2913/2009 and another order dated October 16, 2018 in SCA No. 9237 of 2012 in case of M/s Amul Research and Development Association vs. CBDT.
It is certified that no person is being adversely affected by granting retrospective effect to this Notification.
The Notification can be accessed at: https://a2z-bucket.s3.ap-south-1.amazonaws.com/CBDT_NN_38-2024_9.4.2024.pdf