U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – The Bombay Community Public Trust, Mumbai - S.O. 3451(E) - Income Tax Act, 1961
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Eligible project designation under Section 35AC extended, maintaining tax-benefit eligibility pending fund utilisation. Notification designates the 'School Adoption Scheme and Balwadi Project at Mumbai, Maharashtra' by The Bombay Community Public Trust as an eligible project under Section 35AC for a further three-year period commencing 2015-16, following the National Committee's recommendation that the project is being executed properly; further extension will be considered only after funds raised have been utilised, and the approved project cost remains unchanged.
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 designation under Section 35AC extended, maintaining tax-benefit eligibility pending fund utilisation.
Notification designates the "School Adoption Scheme and Balwadi Project at Mumbai, Maharashtra" by The Bombay Community Public Trust as an eligible project under Section 35AC for a further three-year period commencing 2015-16, following the National Committee's recommendation that the project is being executed properly; further extension will be considered only after funds raised have been utilised, and the approved project cost remains unchanged.
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