Exemption u/s 35AC - Central Government had specified for purchase of equipments and development-updating of hospital by Thakershy Charitable Trust, Ahmedabad, as an eligible project or scheme - S.O.544(E) - Income Tax Act, 1961
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Exemption under section 35AC extended for hospital development project, preserving eligibility for specified charitable expenditure. Central Government specified and extended the eligibility of Thakershy Charitable Trust's hospital development scheme for exemption under section 35AC, covering purchase of equipment and development/updating of the Ambawadi hospital, following National Committee recommendation; the specification extends the project's eligible status for three years beginning with assessment year 2002-2003.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for hospital development project, preserving eligibility for specified charitable expenditure.
Central Government specified and extended the eligibility of Thakershy Charitable Trust's hospital development scheme for exemption under section 35AC, covering purchase of equipment and development/updating of the Ambawadi hospital, following National Committee recommendation; the specification extends the project's eligible status for three years beginning with assessment year 2002-2003.
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