Section 35AC tax incentive extended for a rural development project, renewing eligibility after committee recommendation and cost confirmation. Section 35AC notification re-notifies Anuvrat Gram Bharti Sansthan's rural development project in Vinaypuram, Bhilwara as an eligible scheme, describing construction and outfitting of educational and welfare facilities and ancillary transport and equipment. The notification records prior approvals and cost enhancement, notes the National Committee's recommendation under the Income-tax Rules, and extends the project's eligibility for a further three-year period beginning with financial year 2015-16 without change to the approved cost, subject to the Act's conditions.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC tax incentive extended for a rural development project, renewing eligibility after committee recommendation and cost confirmation.
Section 35AC notification re-notifies Anuvrat Gram Bharti Sansthan's rural development project in Vinaypuram, Bhilwara as an eligible scheme, describing construction and outfitting of educational and welfare facilities and ancillary transport and equipment. The notification records prior approvals and cost enhancement, notes the National Committee's recommendation under the Income-tax Rules, and extends the project's eligibility for a further three-year period beginning with financial year 2015-16 without change to the approved cost, subject to the Act's conditions.
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