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Section 35AC eligibility extended for a mid-day meal project, allowing additional notified financial years of tax-exempt expenditure. Notification extends eligible project status under the Income-tax Act for the mid-day meal project run by Iskcon Food Relief Foundation in Uttar Pradesh, following the National Committee's recommendation; the Central Government, invoking the Explanation to section 35AC and rule 11M processes, notifies a further three-year period commencing 2013-14 and retains the previously approved project cost unchanged.
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Section 35AC eligibility extended for a mid-day meal project, allowing additional notified financial years of tax-exempt expenditure.
Notification extends eligible project status under the Income-tax Act for the mid-day meal project run by Iskcon Food Relief Foundation in Uttar Pradesh, following the National Committee's recommendation; the Central Government, invoking the Explanation to section 35AC and rule 11M processes, notifies a further three-year period commencing 2013-14 and retains the previously approved project cost unchanged.
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