Section 35AC eligibility extended for Kala Bhavanam project; CSR-sourced funds excluded from the exemption under notification. Notification extends eligibility under section 35AC to the project Kala Bhavanam run by Valluvar Gurukulam for three years beginning 2016-17, with the approved cost unchanged, following the National Committee's recommendation. The exemption will 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.
Section 35AC eligibility extended for Kala Bhavanam project; CSR-sourced funds excluded from the exemption under notification.
Notification extends eligibility under section 35AC to the project Kala Bhavanam run by Valluvar Gurukulam for three years beginning 2016-17, with the approved cost unchanged, following the National Committee's recommendation. The exemption will 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.