2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 28th October, 2022
S.O. 5070(E).—In exercise of the powers conferred by clause (iii) 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 ‘Krea University, Sricity, Chittoor, A.P. (PAN: AAFAK4100P)’
under the category of ‘University, College or other institution’ for research in ‘Social science or
Statistical research’ for the purposes of clause (iii) 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 2022-23) and accordingly shall be applicable for Assessment Years 2023-2024 to
[Notification No.118 /2022/F. No. 203/13/2021-ITA-II]
RAVINDER MAINI, Director
Explanatory Memorandum: It is certified that no person is being adversely affected by granting
retrospective effect to this notification.