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Date: 27-Jan-2025 Category: Extra Ordinary State: Union Government Country: India

Notification u/s 35(1)(ii) of the Income Tax Act, 1961 in the case of Shri Chaitanya Health and Care Trust for its unit Bhaktivedanta Hospital and Research Institute, Thane, Maharashtra

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

What it means

  • This gazette notification from the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, India, approves Shri Chaitanya Health and Care Trust (PAN: AABTS6166N) and its unit, Bhaktivedanta Hospital & Research Institute in Thane, Maharashtra, for scientific research benefits under the Income Tax Act, 1961.

Key Changes

  • The notification grants approval to Shri Chaitanya Health and Care Trust's Bhaktivedanta Hospital & Research Institute for 'Scientific Research' under the category of 'University, college or other institution'.
  • This approval is based on clause (ii) 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 approval is effective from the date of publication in the Official Gazette (January 27, 2025), covering assessment years 2025-26 to 2029-30.
  • The notification explicitly states that no person is adversely affected by the retrospective application of this notification.

Impact Analysis

Shri Chaitanya Health and Care Trust

  • Action Item: The trust should ensure compliance with all relevant rules and regulations to maintain eligibility for the tax benefits.

Bhaktivedanta Hospital & Research Institute

  • Action Item: The institute should maintain accurate records of its research activities to comply with tax regulations and demonstrate eligibility for the tax benefits.

Government of India

  • Action Item: The government should monitor the impact of this approval and consider similar incentives for other research institutions.

Taxpayers

  • Action Item: None.

Key Entities Referenced

Shri Chaitanya Health and Care Trust: A trust that operates Bhaktivedanta Hospital & Research Institute. PAN: AABTS6166N Bhaktivedanta Hospital & Research Institute: A research institute located in Thane, Maharashtra, belonging to Shri Chaitanya Health and Care Trust. Ministry of Finance (Department of Revenue): The issuing authority of the notification. Central Board of Direct Taxes (CBDT): The body responsible for administering direct taxes in India. Income-tax Act, 1961: The principal legislation governing income tax in India. Section 35 deals with deductions for scientific research. Income-tax Rules, 1962: Rules framed under the Income-tax Act, 1961, providing details on various aspects of income tax administration. Rules 5C and 5E are relevant to scientific research deductions.
Official Source Record View Original Source →
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-27012025-260518 CG-DxLx-xEG-I2D7H0x1x2x0 25-260518 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 467] नई दिल्ली, सोमिार, िनिरी 27, 2025/माघ 7, 1946 No. 467] NEW DELHI, MONDAY, JANUARY 27, 2025/MAGHA 7, 1946 जित्त मत्रं ालय रािस्ट्ि जिभाग (केंद्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 27 िनिरी, 2025 का. आ. 471(अ).—आयकर जनयमािाली, 1962 के जनयम 5ग और 5ङ के साथ पठित आयकर अजधजनयम, 1961 (1961 का 43) की धारा 35 की उप-धारा (1) के खंड (ii) द्वारा प्रित्त िजियों का प्रयोग करते हुए केन्द्द्र सरकार 'श्री चतै न्द्य हल्े थ एंड केयर रस्ट्ट' (पनै :AABTS6166N) की इकाई ‘भजिििे ातं ा हॉजस्ट्पटल एंड ठरसच ड इंस्ट्टीट्यटू ', िाण,े महाराष्ट्र को आयकर जनयमािली, 1962 के जनयम 5ग और 5ङ के साथ पठित आयकर अजधजनयम,1961 की धारा 35 की उप-धारा (1) के खंड (ii) के प्रयोिनाथड ‘जिश्वजिद्यालय, महाजिद्यालय या अन्द्य सस्ट्ं था’ की श्रेणी के अंतगडत ‘िैज्ञाजनक अनसु धं ान’ हते ु अनुमोदित करती है। 2. यह अजधसूचना सरकारी रािपत्र में इसके प्रकािन की तारीख (अथाडत पूि डिर्ड 2024-25) से लागू होगी तथा तिनुसार जनधाडरण िर्ों 2025-26 से 2029-30 के जलए लागू होगी । [अजधसूचना सं. 11/2025 फा. सं. 203/24/2024/ITA-II] कास्ट् त्रो ियप्रकाि, टी. अिर सजचि स्ट्पष्टीकरण ज्ञापन: यह प्रमाजणत दकया िाता ह ैदक इस अजधसूचना को भूतलक्षी प्रभाि िेने से दकसी भी व्यजि पर प्रजतकूल प्रभाि नहीं पड़ रहा ह ै। 670 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th January, 2025 S.O. 471(E).—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 5E of the Income-tax Rules, 1962, the Central Government hereby approves ‘Shri Chaitanya Health and Care Trust’ (PAN:AABTS6166N) for its unit ‘Bhaktivedanta Hospital & Research Institute’, Thane, Maharashtra, for ‘Scientific Research’ under the category of ‘University, college or other institution’ for the purposes of clause (ii) 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. 2. This Notification shall apply with effect from the date of publication in the Official Gazette (i.e. from the Previous Year 2024-25) and accordingly shall be applicable for Assessment Years 2025-26 to 2029-30. [Notification No. 11/2025 F. No. 203/24/2024/ITA-II] CASTRO JAYAPRAKASH T., Under Secy. Explanatory Memorandum: It is certified that no person is being adversely affected by granting retrospective effect to this notification. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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