Exemption u/s 35AC - Central Government had specified for Sri Sathya Sai Gramin Jagriti Seva Sadan including health care, education, etc. by Shri Sathya Sai Gramin jagriti, Chandigarh, as an eligible project or scheme - Amendment in N. NO. S. O. 15(E), dated 11th January, 1994 - 286(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended for a rural welfare project and approved project cost increased with allocation breakdown. The Central Government specified the Sri Sathya Sai Gramin Jagriti Seva Sadan rural welfare project as an eligible project under section 35AC, renewing eligibility for three years beginning with assessment year 2002-2003. The National Committee recommended extension and an upward amendment of the approved maximum project cost; the Government amended the original notification to substitute the earlier approved maximum cost with a higher approved amount and to itemise allocations for corpus fund, recurring expenses and purchase of a vehicle.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended for a rural welfare project and approved project cost increased with allocation breakdown.
The Central Government specified the Sri Sathya Sai Gramin Jagriti Seva Sadan rural welfare project as an eligible project under section 35AC, renewing eligibility for three years beginning with assessment year 2002-2003. The National Committee recommended extension and an upward amendment of the approved maximum project cost; the Government amended the original notification to substitute the earlier approved maximum cost with a higher approved amount and to itemise allocations for corpus fund, recurring expenses and purchase of a vehicle.
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