CBDT Approves CPRI as Research Association for Scientific Research

The Central Board of Direct Taxes (CBDT) has approved the Central Power Research Institute (CPRI) as a research institution for scientific research under the Income Tax Act. This approval grants the institution eligibility for tax exemptions available to scientific research organizations. CPRI is engaged in research activities related to power systems, and this approval will support its efforts to advance energy-related technologies. The recognition of CPRI as a scientific research institution is a significant step in promoting research in the power sector, facilitating advancements in energy infrastructure. This move aligns with the government's focus on encouraging innovation in critical sectors like energy and technology.