Exemption u/s 35AC - Central Government had specified for running of fondling-cum-adoption centre for orphaned and destitute children and abandoned babies by Karna Prayag Trust, Chennai, Tamilnadu, as an eligible project or scheme - S.O.1047(E) - Income Tax Act, 1961
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Exemption under section 35AC extended for a specified child adoption centre project, maintaining eligible status and funding conditions. The Central Government specified the fondling cum adoption centre run by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project under the Explanation to section 35AC, extending its specified status for three years from the assessment year 2002 2003 after the National Committee recommended continued specification; the notification records the project's estimated cost and a corpus fund requirement as part of the specified scheme.
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.
Exemption under section 35AC extended for a specified child adoption centre project, maintaining eligible status and funding conditions.
The Central Government specified the fondling cum adoption centre run by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project under the Explanation to section 35AC, extending its specified status for three years from the assessment year 2002 2003 after the National Committee recommended continued specification; the notification records the project's estimated cost and a corpus fund requirement as part of the specified scheme.
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