Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Extension of charitable project notification under Section 35AC confirmed, but exemption excludes corporate CSR Schedule VII funds. The Central Government renews eligibility under Section 35AC for the Sri Ramakrishna Sevashrama project in Tumkur for three years starting financial year 2016-17, maintaining the approved cost at Rs. 8.00 crore, and confirms that the Section 35AC exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act 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.
Extension of charitable project notification under Section 35AC confirmed, but exemption excludes corporate CSR Schedule VII funds.
The Central Government renews eligibility under Section 35AC for the Sri Ramakrishna Sevashrama project in Tumkur for three years starting financial year 2016-17, maintaining the approved cost at Rs. 8.00 crore, and confirms that the Section 35AC exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act 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.