Tax exemption designation extended for an eligible rural empowerment project; CSR-sourced funds excluded from exemption. The notification designates 'Economic Empowerment of Tribal poor through Income Generation Programme' by Chington Development Society as an eligible project for tax-exempt expenditure for three further years beginning 2016-17, maintaining the approved estimated cost of Rs. 1007.50 lakh, following a National Committee recommendation. The exemption expressly does not apply to funds received under Schedule VII of Section 135 and the Companies (CSR) Rules 2014.
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 exemption designation extended for an eligible rural empowerment project; CSR-sourced funds excluded from exemption.
The notification designates "Economic Empowerment of Tribal poor through Income Generation Programme" by Chington Development Society as an eligible project for tax-exempt expenditure for three further years beginning 2016-17, maintaining the approved estimated cost of Rs. 1007.50 lakh, following a National Committee recommendation. The exemption expressly does not apply to funds received under Schedule VII of Section 135 and the Companies (CSR) Rules 2014.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.