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Exemption u/s 35AC - Central Government had specified for construction, equipments and running of technical school by Shri Purushotam Seva Trust, Advance Technology Management Association, Ahmedabad, as an eligible project or scheme - 501(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended for a technical school project, confirming continued eligibility after committee recommendation. The Central Government specified the construction, equipment and running of a technical school at village Sola by Shri Purushotam Seva Trust, Advance Technology Management Association as an eligible project for tax exemption under the enabling statutory provision, and, following a National Committee recommendation under the Income-tax Rules, notified a further three-year specification beginning with the stated assessment year, confirming continued project eligibility and identifying the executing trust and estimated project cost.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended for a technical school project, confirming continued eligibility after committee recommendation.
The Central Government specified the construction, equipment and running of a technical school at village Sola by Shri Purushotam Seva Trust, Advance Technology Management Association as an eligible project for tax exemption under the enabling statutory provision, and, following a National Committee recommendation under the Income-tax Rules, notified a further three-year specification beginning with the stated assessment year, confirming continued project eligibility and identifying the executing trust and estimated project cost.
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