Exemption u/s 35AC - Central Government had specified for Construction and running of sports centre, by Lala Ram Gupta Charitable Trust, Agra, as an eligible project or scheme - 11353 - Income Tax Act, 1961
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Tax exemption for charitable projects: eligible status for sports centre extended, enabling continued deductible contributions. The Central Government specifies the construction and running of a sports centre at Agra by Lala Ram Gupta Charitable Trust as an eligible project or scheme under section 35AC for a further three year period beginning with assessment year 2000-2001, exercising powers under sub section (1) read with the Explanation to section 35AC, following a National Committee recommendation that the project is being executed properly.
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Tax exemption for charitable projects: eligible status for sports centre extended, enabling continued deductible contributions.
The Central Government specifies the construction and running of a sports centre at Agra by Lala Ram Gupta Charitable Trust as an eligible project or scheme under section 35AC for a further three year period beginning with assessment year 2000-2001, exercising powers under sub section (1) read with the Explanation to section 35AC, following a National Committee recommendation that the project is being executed properly.
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