Section 35AC tax eligibility extended for free medical services scheme, preserving approved project cost and donor deduction entitlement. Notification under section 35AC extends the eligible project 'Running of free medical services by Dardi Sahayak Trust at whole of Gujarat' for an additional three-year period commencing with financial year 2015-16, without change to the approved estimated cost of Rs.171 lakh including a corpus fund of Rs.15 lakh, following the National Committee's recommendation that the project is being executed properly, thereby preserving the scheme's status for deduction purposes under the Income-tax Act.
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 tax eligibility extended for free medical services scheme, preserving approved project cost and donor deduction entitlement.
Notification under section 35AC extends the eligible project "Running of free medical services by Dardi Sahayak Trust at whole of Gujarat" for an additional three-year period commencing with financial year 2015-16, without change to the approved estimated cost of Rs.171 lakh including a corpus fund of Rs.15 lakh, following the National Committee's recommendation that the project is being executed properly, thereby preserving the scheme's status for deduction purposes under the Income-tax Act.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.