Section 35AC notification extends eligible-project status and raises the allowable project cost for Visamo Kids Foundation. The Central Government amended the Section 35AC notification to extend Visamo Kids Foundation's eligible-project status for an additional three financial years and to increase the maximum project cost allowable for deduction, following the National Committee's recommendation that the project is being properly executed; the amendment specifies that no exemption is available for the already lapsed financial year 2013 14.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC notification extends eligible-project status and raises the allowable project cost for Visamo Kids Foundation.
The Central Government amended the Section 35AC notification to extend Visamo Kids Foundation's eligible-project status for an additional three financial years and to increase the maximum project cost allowable for deduction, following the National Committee's recommendation that the project is being properly executed; the amendment specifies that no exemption is available for the already lapsed financial year 2013 14.
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