U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Health Foundation & Research Centre Raliyati, Gujarat - 19/2015 - Income Tax Act, 1961
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Tax exemption project extension approved for continued charitable healthcare funding, though the lapsed prior financial year is not eligible. The Central Government notifies extension of the healthcare project carried out by Health Foundation & Research Centre, Raliyati, for three further financial years commencing 2013-14 to 2015-16, without change to the approved corpus of Rs. 7.87 crore, based on the National Committee's recommendation; exemption under the relevant income-tax provision is not available for the lapsed financial year 2013-14.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption project extension approved for continued charitable healthcare funding, though the lapsed prior financial year is not eligible.
The Central Government notifies extension of the healthcare project carried out by Health Foundation & Research Centre, Raliyati, for three further financial years commencing 2013-14 to 2015-16, without change to the approved corpus of Rs. 7.87 crore, based on the National Committee's recommendation; exemption under the relevant income-tax provision is not available for the lapsed financial year 2013-14.
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