Exemption u/s 35AC - Central Government had notified Orphanage, Balika Ashrama, old age home, child-parents guidance centres' by Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai - 400 042, as an eligible project or scheme - S.O. 2391(E) - Income Tax Act, 1961
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Tax exemption under section 35AC extended to Vatsalya Trust projects, permitting continued eligibility for donor deductions. The Central Government notified continuation of Income-tax exemption under section 35AC for Vatsalya Trust's projects-orphanage, Balika Ashrama, old age home and child-parents guidance centres-as an eligible project or scheme for a further three-year period beginning 2008-09, following the National Committee's recommendation and without any change in the approved project cost.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended to Vatsalya Trust projects, permitting continued eligibility for donor deductions.
The Central Government notified continuation of Income-tax exemption under section 35AC for Vatsalya Trust's projects-orphanage, Balika Ashrama, old age home and child-parents guidance centres-as an eligible project or scheme for a further three-year period beginning 2008-09, following the National Committee's recommendation and without any change in the approved project cost.
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