Exemption u/s 35AC - Central Government had specified for equipments, running of Ashirward Eye and General Hospital at Dehgam, Ahmedabad, Gujarat, by Vithalbhai Foundation, Purushotham Park, Dehgam, Ahmedabad, Gujarat-382 305, as an eligible project or scheme - 507(E) - Income Tax Act, 1961
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Exemption under income-tax provisions extended for hospital equipment and operations, preserving donor tax benefits for the specified project. The Central Government re-specifies the project of procuring equipment and running Ashirward Eye and General Hospital at Dehgam, Ahmedabad, carried out by Vithalbhai Foundation, as an eligible project under the Income-tax Act for a further three-year period beginning with the assessment year 2000-2001, following a National Committee recommendation that the project is being executed properly and is likely to extend beyond the original three-year term.
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 income-tax provisions extended for hospital equipment and operations, preserving donor tax benefits for the specified project.
The Central Government re-specifies the project of procuring equipment and running Ashirward Eye and General Hospital at Dehgam, Ahmedabad, carried out by Vithalbhai Foundation, as an eligible project under the Income-tax Act for a further three-year period beginning with the assessment year 2000-2001, following a National Committee recommendation that the project is being executed properly and is likely to extend beyond the original three-year term.
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