Section 35AC deduction limit increased for a specified hospital, extending the enhanced corpus allowance for three assessment years. Amendment increases the maximum allowable corpus fund deduction for the Hindu Mission Hospital, Chennai under section 35AC by substituting the previously prescribed corpus amount with a higher corpus amount in the notification table; the change is made by the Central Government on the National Committee's recommendation and extends the amended notification for a further period of three years beginning with the stated assessment year.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC deduction limit increased for a specified hospital, extending the enhanced corpus allowance for three assessment years.
Amendment increases the maximum allowable corpus fund deduction for the Hindu Mission Hospital, Chennai under section 35AC by substituting the previously prescribed corpus amount with a higher corpus amount in the notification table; the change is made by the Central Government on the National Committee's recommendation and extends the amended notification for a further period of three years beginning with the stated assessment year.
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