U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Association for Advancement and Rehabilitation of Handicapped (AAROH), New Delhi - 74/2015 - Income Tax Act, 1961
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Section 35AC deduction: extension and increased project cost amend availability of exemption for a lapsed financial year. The notification extends the scheme 'Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped' carried out by AAROH for a further three-year period commencing with the stated financial year, while substituting the previously notified maximum cost and corpus fund with a higher project cost and corpus fund, and specifies that no exemption is available for the already lapsed initial year of that period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 35AC deduction: extension and increased project cost amend availability of exemption for a lapsed financial year.
The notification extends the scheme "Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped" carried out by AAROH for a further three-year period commencing with the stated financial year, while substituting the previously notified maximum cost and corpus fund with a higher project cost and corpus fund, and specifies that no exemption is available for the already lapsed initial year of that period.
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