Exemption u/s 35 AC - Central Government had specified the scheme of the furnishing and running of society for the education of the Crippled Centre, Bombay as an eligible project or scheme - S.O.216(E) - Income Tax Act, 1961
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Section 35AC exemption extended for specified Bombay disability education scheme, making it eligible for additional assessment years. The Central Government, under the Explanation to section 35AC, specified the furnishing and running of the societies for the education of the Crippled Centre and Antop Hill School in Bombay as an eligible project for tax-exemption purposes for a further three assessment years commencing from assessment year 1998-99, following the National Committee's recommendation that the project is being properly executed and likely to extend beyond its initial period.
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Section 35AC exemption extended for specified Bombay disability education scheme, making it eligible for additional assessment years.
The Central Government, under the Explanation to section 35AC, specified the furnishing and running of the societies for the education of the Crippled Centre and Antop Hill School in Bombay as an eligible project for tax-exemption purposes for a further three assessment years commencing from assessment year 1998-99, following the National Committee's recommendation that the project is being properly executed and likely to extend beyond its initial period.
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