Exemption u/s 35AC - Central Government had specified, the Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra at Talasari area, Thane District, Maharashtra of Vanvasi Kalyan Kendra, Bombay as an eligible project or scheme - S.O.296(E) - Income Tax Act, 1961
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Exemption under section 35AC: girls' hostel project specification extended, continuing donor tax benefits after committee recommendation. The Central Government specified the Priyadarshini Girls Hostel of Vanvasi Kalyan Kendra at Talasari, Thane District as an eligible project or scheme for tax exemption; following the National Committee's recommendation that the project is being properly executed and may extend beyond two years, the Government extended the project's specification for a further two assessment years, thereby continuing the period during which contributions qualify for the statutory exemption under the governing rules and explanation to the tax provision.
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.
Exemption under section 35AC: girls' hostel project specification extended, continuing donor tax benefits after committee recommendation.
The Central Government specified the Priyadarshini Girls Hostel of Vanvasi Kalyan Kendra at Talasari, Thane District as an eligible project or scheme for tax exemption; following the National Committee's recommendation that the project is being properly executed and may extend beyond two years, the Government extended the project's specification for a further two assessment years, thereby continuing the period during which contributions qualify for the statutory exemption under the governing rules and explanation to the tax provision.
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