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    <title>Govt approves IIIT Hyderabad for tax exemption on scientific research expenditure under Sec 35(1)(ii.</title>
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    <description>The Central Government approved the International Institute of Information Technology, Hyderabad (PAN: AAAAI6797B) for &#039;Scientific Research&#039; under the category of &#039;University, College or Other Institution&#039; 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. This notification is effective from the previous year 2024-25 and applicable for assessment years 2025-26 to 2029-30.</description>
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