Exemption u/s 35 AC - Central Government had specified for development and extension of educational, medical and sports facilities to rural areas in 50 villages around Ankleshwar of Ankleshwar Industrial Development Society, Ankleshwar as an eligible project or scheme - S.O. 216(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended for Ankleshwar rural development project, allowing continued eligible deductions. Central Government specified the development and extension of educational, medical and sports facilities in 50 villages around Ankleshwar as an eligible project under section 35AC, extending its eligibility for a further period of two assessment years commencing from the assessment year 1999-2000, and identifying the project scope and estimated cost.
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.
Tax exemption under section 35AC extended for Ankleshwar rural development project, allowing continued eligible deductions.
Central Government specified the development and extension of educational, medical and sports facilities in 50 villages around Ankleshwar as an eligible project under section 35AC, extending its eligibility for a further period of two assessment years commencing from the assessment year 1999-2000, and identifying the project scope and estimated cost.
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