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Exemption u/s 35 AC - Central Government had specified the Training and Rehabilitation of Rural Women in Rangareddy by the Andhra Mahila Sabha Trust Board, Hyderabad as an eligible project or scheme - S.O.402(E) - Income Tax Act, 1961
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Section 35AC exemption extended for a rural women vocational training project, maintaining eligibility for income-tax benefits. The Central Government specified the Andhra Mahila Sabha Trust Board's Training and Rehabilitation of Rural Women in Rangareddy District as an eligible project under Section 35AC for vocational training in specified trades, and, after a National Committee recommendation under rule 11M(5), extended that specification for two further assessment years, thereby continuing the project's entitlement to the income-tax exemption for the extended period.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC exemption extended for a rural women vocational training project, maintaining eligibility for income-tax benefits.
The Central Government specified the Andhra Mahila Sabha Trust Board's Training and Rehabilitation of Rural Women in Rangareddy District as an eligible project under Section 35AC for vocational training in specified trades, and, after a National Committee recommendation under rule 11M(5), extended that specification for two further assessment years, thereby continuing the project's entitlement to the income-tax exemption for the extended period.
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