Section 35AC eligible project extension continues tax-exempt status for the medical relief scheme, with no relief for the lapsed year. Notification extends recognition of the medical relief scheme 'Madhav Seva Ashram (Assistance for medical relief)' by Bhaorao Deoras Seva Nyas as an eligible project for tax exemption under section 35AC for a further three-year period commencing with financial year 2013-14, with no change in the approved project cost and corpus fund, and specifies that the lapsed financial year 2013-14 is excluded from entitlement to deduction.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC eligible project extension continues tax-exempt status for the medical relief scheme, with no relief for the lapsed year.
Notification extends recognition of the medical relief scheme "Madhav Seva Ashram (Assistance for medical relief)" by Bhaorao Deoras Seva Nyas as an eligible project for tax exemption under section 35AC for a further three-year period commencing with financial year 2013-14, with no change in the approved project cost and corpus fund, and specifies that the lapsed financial year 2013-14 is excluded from entitlement to deduction.
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