Extension of eligibility period under Section 35AC: project for Swagat Medical and Educational Centre recognised for an additional assessment year. The Central Government specifies an eligible project and scheme for Swagat Medical and Educational Centre under the tax incentive provision, extending the recognised period by substituting 'two years' with 'three years' and expanding the listed assessment years to include the additional year, thereby permitting recognition for the subsequent assessment year at the estimated cost already set out in the original notification.
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 eligibility period under Section 35AC: project for Swagat Medical and Educational Centre recognised for an additional assessment year.
The Central Government specifies an eligible project and scheme for Swagat Medical and Educational Centre under the tax incentive provision, extending the recognised period by substituting "two years" with "three years" and expanding the listed assessment years to include the additional year, thereby permitting recognition for the subsequent assessment year at the estimated cost already set out in the original notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
