AMUL under the category of ‘Research Association’ is approved for Sec 35(1)(ii) of Income Tax Act

CBDT issued Notification No. 38/2024 dated 09.04.2024 whereby the Central Government approves ‘Amul Research and Development Association, Anand, Gujarat having PAN: AAATA2673H under the category of ‘Research Association’ for research in ‘Scientific Research’ for the purposes of Section 35(1)(ii) of the Income-tax Act, 1961 read with Rule 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.