Exemption u/s 35 AC - Central Government specified the construction equipments and furnishing of building for a school hostel, by Sanatan Rishikul Ashram Seva Trust Orissa as an eligible project or scheme - S.O.1144(E) - Income Tax Act, 1961
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Tax exemption for specified charitable project extended for construction and furnishing of school hostel at Boxma. Construction, equipment and furnishing of a school hostel at Village Boxma, District Sambalpur, by Sanatan Rishikul Ashram Seva Trust is specified as an eligible project or scheme for tax exemption and the Central Government has extended that specification for a further period in relation to the assessment year 2000-2001 at an estimated cost of ten lakhs, following the National Committee's recommendation under the procedural rule for further specification.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for specified charitable project extended for construction and furnishing of school hostel at Boxma.
Construction, equipment and furnishing of a school hostel at Village Boxma, District Sambalpur, by Sanatan Rishikul Ashram Seva Trust is specified as an eligible project or scheme for tax exemption and the Central Government has extended that specification for a further period in relation to the assessment year 2000-2001 at an estimated cost of ten lakhs, following the National Committee's recommendation under the procedural rule for further specification.
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