Tax incentive extension under section 35AC grants further eligibility to construction scheme, extending tax benefit for two assessment years. The Central Government extended the specification under section 35AC of the Income-tax Act of the construction of educational and training buildings and a hostel at Shardagram by Shri Bharat Saraswati Mandir Sansad, following a National Committee recommendation that the project was properly executed, thereby specifying the project as an eligible project or scheme for a further two assessment years commencing from the assessment year 1997-98.
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.
Tax incentive extension under section 35AC grants further eligibility to construction scheme, extending tax benefit for two assessment years.
The Central Government extended the specification under section 35AC of the Income-tax Act of the construction of educational and training buildings and a hostel at Shardagram by Shri Bharat Saraswati Mandir Sansad, following a National Committee recommendation that the project was properly executed, thereby specifying the project as an eligible project or scheme for a further two assessment years commencing from the assessment year 1997-98.
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