Exemption u/s 35AC - specified at serial number 8, 'Construction and running of hospital at MountAbu, District Sirohi, Rajasthan', by GlobalHospital & Research Centre, Mumbai, as an eligible project or scheme - 43/2009 - Income Tax Act, 1961
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Tax exemption under section 35AC extended for the hospital project, preserving approved cost and continued eligibility. Notification extends tax-exempt status under section 35AC to the 'Construction and running of hospital at Mount Abu' by Global Hospital & Research Centre for a further three years beginning financial year 2009-2010, without change to the previously enhanced approved cost including the corpus fund, following the National Committee's recommendation under the Income-tax Rules after satisfaction with project execution.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended for the hospital project, preserving approved cost and continued eligibility.
Notification extends tax-exempt status under section 35AC to the "Construction and running of hospital at Mount Abu" by Global Hospital & Research Centre for a further three years beginning financial year 2009-2010, without change to the previously enhanced approved cost including the corpus fund, following the National Committee's recommendation under the Income-tax Rules after satisfaction with project execution.
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