Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Amendment to Section 35AC notification clarifies specified exemption periods for listed projects across assessment years. The Central Government amends a notification under the Income tax Act to substitute its concluding paragraph with a schedule specifying exemption periods for listed projects: one year for the project at serial number 6 (assessment year 1994 95); two years for projects at serial numbers 3, 10 and 11 (assessment years 1994 95 and 1995 96); and three years for projects at serial numbers 1, 2, 4, 5, 7, 8, 9 and 12 (assessment years 1994 95 through 1996 97).
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.
Amendment to Section 35AC notification clarifies specified exemption periods for listed projects across assessment years.
The Central Government amends a notification under the Income tax Act to substitute its concluding paragraph with a schedule specifying exemption periods for listed projects: one year for the project at serial number 6 (assessment year 1994 95); two years for projects at serial numbers 3, 10 and 11 (assessment years 1994 95 and 1995 96); and three years for projects at serial numbers 1, 2, 4, 5, 7, 8, 9 and 12 (assessment years 1994 95 through 1996 97).
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.