Section 35AC exemption: charitable rehabilitation project extended for a further period; CSR funds excluded from the exemption. Notification under section 35AC specifies Amar Jyoti Charitable Trust's rehabilitation project as an eligible project for tax exemption at the enhanced approved cost, and extends the project's eligibility for a further three financial years commencing 2016-17; the exemption expressly excludes funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC exemption: charitable rehabilitation project extended for a further period; CSR funds excluded from the exemption.
Notification under section 35AC specifies Amar Jyoti Charitable Trust's rehabilitation project as an eligible project for tax exemption at the enhanced approved cost, and extends the project's eligibility for a further three financial years commencing 2016-17; the exemption expressly excludes funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules, 2014.
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