Tax deduction eligibility extended for construction of school project after National Committee recommendation under section 35AC. The Central Government, under the Explanation to section 35AC, specifies that the scheme of construction of a school at Ambazari Road, Nagpur, carried out by The Blind Relief Association, is an eligible project for tax-deduction purposes for a further two years beginning with assessment year 2002-2003, following the National Committee's recommendation that the project is being executed properly and is likely to extend beyond its original three-year period; the notification records the estimated project cost.
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.
Tax deduction eligibility extended for construction of school project after National Committee recommendation under section 35AC.
The Central Government, under the Explanation to section 35AC, specifies that the scheme of construction of a school at Ambazari Road, Nagpur, carried out by The Blind Relief Association, is an eligible project for tax-deduction purposes for a further two years beginning with assessment year 2002-2003, following the National Committee's recommendation that the project is being executed properly and is likely to extend beyond its original three-year period; the notification records the estimated project cost.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
