Exemption u/s 35AC - Central Government had specified for upliftment of the poor and the needy people by giving financial aid for the major surgical operations all over India, by Mahavir Jeevan Raksha Foundation, Mumbai, as an eligible project or scheme - 498(E) - Income Tax
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Exemption under section 35AC renewed for Mahavir Jeevan Raksha Foundation's surgical aid scheme, extending its eligible period. The Central Government specifies the Mahavir Jeevan Raksha Foundation's scheme of providing financial aid for major surgical operations as an eligible project for tax exemption under the statutory provision, and, on the National Committee's recommendation, renews that specification for a further three year period beginning with the assessment year 2001 2002 at an estimated cost of one crore.
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 renewed for Mahavir Jeevan Raksha Foundation's surgical aid scheme, extending its eligible period.
The Central Government specifies the Mahavir Jeevan Raksha Foundation's scheme of providing financial aid for major surgical operations as an eligible project for tax exemption under the statutory provision, and, on the National Committee's recommendation, renews that specification for a further three year period beginning with the assessment year 2001 2002 at an estimated cost of one crore.
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