Exemption u/s 35AC - Central Government had specified for Sports Coaching Foundation capital Nature Project; Sports Coaching Foundation Revenue Nature Project by the Sports Coaching Foundation, Hyderabad, as an eligible project or scheme - S.O.550(E) - Income Tax Act, 1961
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Section 35AC eligibility extended for Sports Coaching Foundation projects, permitting continued tax-exempt donations during the renewed period. The Central Government specifies both the capital-nature and revenue-nature Sports Coaching Foundation projects at Masab Tank, Hyderabad, as eligible under section 35AC for a further three-year assessment period following a National Committee recommendation that the projects are being properly executed, thereby permitting tax-deductible contributions to those specified projects during the extended period.
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.
Section 35AC eligibility extended for Sports Coaching Foundation projects, permitting continued tax-exempt donations during the renewed period.
The Central Government specifies both the capital-nature and revenue-nature Sports Coaching Foundation projects at Masab Tank, Hyderabad, as eligible under section 35AC for a further three-year assessment period following a National Committee recommendation that the projects are being properly executed, thereby permitting tax-deductible contributions to those specified projects during the extended period.
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