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of <h1>Govt. amends Income-tax Act Section 35AC: Karnataka Badminton Association project funding increased from Rs. 100 lakh to Rs. 160 lakh.</h1> The Central Government, under the powers granted by Section 35AC of the Income-tax Act, 1961, has amended the notification S.O. 740(E) dated 12th October 1994. This amendment pertains to the Karnataka Badminton Association, specifically altering the maximum approved cost for a project or scheme. The original amount of Rs. 100.00 lakhs has been increased to Rs. 160.00 lakhs. This change follows the recommendations of the National Committee and is documented in Notification No. 9884, dated 29th September 1995, issued by the Ministry of Finance, Department of Revenue.
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