Central Board of Direct Taxes (CBDT), Principal Chief Commissioner of Income Tax (Exemptions), New Delhi, issued notification no. 1/2025 dated 27.08.2025 regarding Order under clause (iia) of sub-section (1) of section 35 of the Income Tax Act. 1961 read with Rule 5F of the Income Tax Rules 1962.
In exercise of the powers conferred by section 35(1)(iia) of the Income Tax Act, 1961, read with Rule 5F of the Income Tax Rules 1962, the Pro Chief Commissioner of Income Tax (Exemptions), Delhi hereby accords approval to the company M/s lIT Madras Research Park (AABCI5225P), HP Lab Department of Elec. Engg., Taramani, TTTI Taramani S.O. Chennai, Tamil Nadu-600113 for ‘Scientific Research’ for the purpose of the clause (iia) of sub-section (1) of section 35 of the Income-tax Act, 1961 read with rule 5Fof Income-tax Rules, 1962.
2. This Notification shall be applicable from 01.04.2025 to 31.03.2030 i.e. for five Assessment years (A Y) from 2026-27 to A Y 2030-31 .
Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification.
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