Eligible project extension under income tax deduction provisions grants further multi-year eligibility and raises approved project cost. The Central Government re-notifies the Jamiah Uloomul Quran reconstruction scheme as an eligible project for deduction under the Income-tax Act, extending its period of eligibility for a further three financial years beginning 2015-16. The notification also amends the earlier sanctioned project cost by increasing the maximum allowable project cost, following the National Committee's recommendation that the project is being executed properly and warrants extension and cost revision.
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.
Eligible project extension under income tax deduction provisions grants further multi-year eligibility and raises approved project cost.
The Central Government re-notifies the Jamiah Uloomul Quran reconstruction scheme as an eligible project for deduction under the Income-tax Act, extending its period of eligibility for a further three financial years beginning 2015-16. The notification also amends the earlier sanctioned project cost by increasing the maximum allowable project cost, following the National Committee's recommendation that the project is being executed properly and warrants extension and cost revision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.