Tax exemption under section 35AC extended for a charitable school project; funds from corporate CSR excluded. The Central Government notifies continuation of tax-exempt status for the Trust's project to expand and run a school for deaf and dumb students at the unchanged approved cost for a further three-year period commencing with financial year 2016-17, based on the National Committee's recommendation; funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules are excluded from the exemption.
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Tax exemption under section 35AC extended for a charitable school project; funds from corporate CSR excluded.
The Central Government notifies continuation of tax-exempt status for the Trust's project to expand and run a school for deaf and dumb students at the unchanged approved cost for a further three-year period commencing with financial year 2016-17, based on the National Committee's recommendation; funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules are excluded from the exemption.
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