Exemption u/s 35AC - Central Government had specified for construction of indoor ward in Hospital, Balwadi, irrigation tanks and equipments and vehicles for hospital by Seva Mandal Meghraj, Gujarat, as an eligible project or scheme - 11296 - Income Tax Act, 1961
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Exemption under section 35AC extended for specified charitable infrastructure project, allowing continued eligible-scheme status. The Central Government re-specifies as an eligible project the construction of an indoor hospital ward, Balwadi, irrigation tanks and procurement of hospital equipments and vehicles being carried out by Seva Mandal Meghraj at Village Kasna, District Sabarkantha, Gujarat, following a National Committee recommendation that the project is being properly executed and likely to extend beyond the initial period; the specification is made under the Income-tax Act for a further three-year period commencing with the stated assessment year and records the estimated project cost.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for specified charitable infrastructure project, allowing continued eligible-scheme status.
The Central Government re-specifies as an eligible project the construction of an indoor hospital ward, Balwadi, irrigation tanks and procurement of hospital equipments and vehicles being carried out by Seva Mandal Meghraj at Village Kasna, District Sabarkantha, Gujarat, following a National Committee recommendation that the project is being properly executed and likely to extend beyond the initial period; the specification is made under the Income-tax Act for a further three-year period commencing with the stated assessment year and records the estimated project cost.
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