Tax exemption extension for Aravali Medical and Research Centre; funds under Schedule VII CSR framework excluded. The Central Government notified a further three-year extension of tax-exempt status for Aravali Medical and Research Centre works by Aravali Vikas Mandal, preserving the approved project cost, pursuant to a National Committee recommendation under the Income-tax Rules. The exemption expressly excludes funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption extension for Aravali Medical and Research Centre; funds under Schedule VII CSR framework excluded.
The Central Government notified a further three-year extension of tax-exempt status for Aravali Medical and Research Centre works by Aravali Vikas Mandal, preserving the approved project cost, pursuant to a National Committee recommendation under the Income-tax Rules. The exemption expressly excludes funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules.
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