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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Bal Ganga Mahavidyalaya Project in Uttar Pradesh Extended Under Section 35AC of Income-tax Act for Three More Years.</h1> The Central Government has specified the construction, furnishing, and operation of Bal Ganga Mahavidyalaya by an educational society in Uttar Pradesh as an eligible project under section 35AC of the Income-tax Act, 1961. Initially approved in 1995, the project received extensions in 1998 and now again for three more years starting from the assessment year 2001-2002. The project is recognized due to its proper execution and is estimated to cost approximately 1.5 crore rupees. The decision follows recommendations from the National Committee under the Income-tax Rules, 1962.
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