Exemption u/s 35AC - Central Government had specified for construction of buildings for braille press, library, blind school, auditorium, dormitory, purchase of braille press and running of Braille Press Complex by Blind Persons' Association, Calcutta, as an eligible project or scheme - 500(E) - Income Tax Act, 1961
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Exemption under section 35AC: eligible braille press project specified for further tax-exempt period by government notification. Central Government re-specifies as eligible for exemption under the Explanation to section 35AC the Blind Persons' Association project comprising construction of buildings for a braille press, library, blind school, auditorium and dormitory, purchase and operation of braille press equipment, and running of the Braille Press Complex at Vidyapalli, Malanda, Mahinagar, South-24 Parganas, for a further three-year period following a National Committee recommendation.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC: eligible braille press project specified for further tax-exempt period by government notification.
Central Government re-specifies as eligible for exemption under the Explanation to section 35AC the Blind Persons' Association project comprising construction of buildings for a braille press, library, blind school, auditorium and dormitory, purchase and operation of braille press equipment, and running of the Braille Press Complex at Vidyapalli, Malanda, Mahinagar, South-24 Parganas, for a further three-year period following a National Committee recommendation.
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