The Central Board of Direct Taxes has notified the income tax exemption to Amul Research and Development Association in Gujarat under section 35(1)(ii) of Income Tax Act, 1961. This vid Notification no. 38/2024 dated 9th April 2024 shall be deemed to have been applied from Assessment Years (AYs) 2008-09 to 2021-22.
The notification stated that “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 is issued in response to the orders dated August 4, 2009, in Writ Petition No. 2913/2009, and October 16, 2018, in SCA No. 9237 of 2012, by the Hon’ble Gujarat High Court regarding the case of M/s Amul Research and Development Association vs. CBDT. It is hereby certified that no individual is being adversely impacted by granting retrospective effect to this notification.
Amul initiated various development programs to enhance milk production and improve cattle breeds for farmer producers. Amul Research and Development Association (ARDA) is a significant step in this direction. Founded in 1964 under the guidance of Dr. Kurien, the Father of White Revolution in India, ARDA focuses on scientific breeding and animal healthcare management. It is recognized as a centre of excellence by the Department of Scientific & Industrial Research, Government of India.
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