Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangh, Bangalore, as an eligible project or scheme - S.O.552(E) - Income Tax

Mid-day Meal Scheme in Bangalore Schools Extended Again Under Section 35AC, Approved for Two More Years

The Central Government has recognized the Mid-day Meal Scheme in three Bangalore schools, managed by an organization, as an eligible project under Section 35AC of the Income-tax Act, 1961. Initially specified for three years starting in the 1997-1998 assessment year, the scheme was extended for two additional years from 2000-2001. The National Committee, satisfied with the project's execution, recommended another extension. Consequently, the government has approved the scheme for an additional two years from the 2002-2003 assessment year, with an estimated cost of fifteen lakh rupees.