Withdrawal of Section 35AC approval removes tax-exempt consideration for specified trust projects and certificates cease to be taken into account. The Central Government withdraws approval under Section 35AC for Navjeevan Charitable Trust and the specified projects Shree Navjeevan, A Caring Hand, and Sankalap, rescinding the earlier notifications for those projects following the National Committee's recommendation after an Income-tax Department enquiry. Certificates furnished under clause (a) of sub-section (2) of section 35AC for these projects shall not be taken into consideration while computing income-tax.
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Withdrawal of Section 35AC approval removes tax-exempt consideration for specified trust projects and certificates cease to be taken into account.
The Central Government withdraws approval under Section 35AC for Navjeevan Charitable Trust and the specified projects Shree Navjeevan, A Caring Hand, and Sankalap, rescinding the earlier notifications for those projects following the National Committee's recommendation after an Income-tax Department enquiry. Certificates furnished under clause (a) of sub-section (2) of section 35AC for these projects shall not be taken into consideration while computing income-tax.
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