Exemption u/s 35AC - Central Government notified 'Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar, Gujarat' as an eligible project or scheme. - 15/2009/S.O. 244(E) - Income Tax

Section 35AC tax exemption extended for a charitable hospital project, preserving eligibility for contributions over three further financial years.

The Central Government notifies the Kanoria Hospital and Research Centre project as an eligible project for tax-exemption purposes for a further three-year period beginning with financial year 2008-2009, following a recommendation by the National Committee that the project is being executed properly; the notification preserves the previously approved project cost and continues the scheme's status under the Income-tax Act and applicable rules.