Exemption u/s 35AC - Central Government had specified for CRY Supported Development Project all over India, by CRY (Child Relief and You), DDA Slum Wing Barat Ghar, New Delhi, as an eligible project or scheme - Amendment in N. No S. O. 388(E), dated 19th May, 1997 - 634(E) - Income Tax
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Exemption under section 35AC extended for CRY project; eligibility renewed and project cost increased by central government. Exemption under section 35AC specifies CRY Supported Development Project by CRY as an eligible project for tax deduction; the Central Government renews eligibility for a further three-year period beginning with the assessment year 2001-2002 and amends the previously specified maximum estimated project cost by substituting the earlier amount with a revised higher amount in the notification table, following the National Committee's recommendation that the project is being executed properly.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for CRY project; eligibility renewed and project cost increased by central government.
Exemption under section 35AC specifies CRY Supported Development Project by CRY as an eligible project for tax deduction; the Central Government renews eligibility for a further three-year period beginning with the assessment year 2001-2002 and amends the previously specified maximum estimated project cost by substituting the earlier amount with a revised higher amount in the notification table, following the National Committee's recommendation that the project is being executed properly.
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