Exemption u/s 35AC - Central Government had specified for the construction, equipments, furnishing and running of vocational training centre by The Bombay Young Men's Christian Association, Bombay, as an eligible project or scheme - 11493 - Income Tax Act, 1961
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Income-tax exemption provision: extension of specified eligible project status for YMCA vocational training centre, enabling continued deduction eligibility. The Central Government specifies the YMCA project for construction, equipping, furnishing and running a vocational training centre at Andheri, Mumbai as an eligible project under the income-tax exemption provision for a further three year period, following a National Committee recommendation that the project is being executed properly and is likely to extend beyond the original 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.
Income-tax exemption provision: extension of specified eligible project status for YMCA vocational training centre, enabling continued deduction eligibility.
The Central Government specifies the YMCA project for construction, equipping, furnishing and running a vocational training centre at Andheri, Mumbai as an eligible project under the income-tax exemption provision for a further three year period, following a National Committee recommendation that the project is being executed properly and is likely to extend beyond the original term.
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