Extension of eligible project status under the Income-tax Act: Abhaya Ashraya scheme renewed for three years; certificate withheld for elapsed year. The Central Government has renewed notification of Abhaya Ashraya's welfare scheme as an eligible project under the Income-tax Act, retaining the approved project cost unchanged, pursuant to the National Committee's recommendation that the project is properly executed. The renewal covers a further three financial years but directs that no certificate shall be issued for the first of those years because it had already elapsed at the time of notification.
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.
Extension of eligible project status under the Income-tax Act: Abhaya Ashraya scheme renewed for three years; certificate withheld for elapsed year.
The Central Government has renewed notification of Abhaya Ashraya's welfare scheme as an eligible project under the Income-tax Act, retaining the approved project cost unchanged, pursuant to the National Committee's recommendation that the project is properly executed. The renewal covers a further three financial years but directs that no certificate shall be issued for the first of those years because it had already elapsed at the time of notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.