Exemption u/s 35AC - notified at serial number 4, 'Multi Organ Harvesting and Sharing Network in India' by Mohan Foundation, A-81, Anna Nagar, Chennai, as an eligible project or scheme - 74/2009 - Income Tax Act, 1961
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Exemption under section 35AC extended for an eligible organ-sharing project; certificates not issued for the prior elapsed year. Notification extends section 35AC tax-exempt status for the Mohan Foundation's 'Multi Organ Harvesting and Sharing Network in India' for a further three-year period at the approved project cost, based on the National Committee's recommendation; however, because the initial year of the extension has already elapsed, donations collected in that elapsed year are excluded and no exemption certificates under section 35AC(1) will be issued for that year.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for an eligible organ-sharing project; certificates not issued for the prior elapsed year.
Notification extends section 35AC tax-exempt status for the Mohan Foundation's "Multi Organ Harvesting and Sharing Network in India" for a further three-year period at the approved project cost, based on the National Committee's recommendation; however, because the initial year of the extension has already elapsed, donations collected in that elapsed year are excluded and no exemption certificates under section 35AC(1) will be issued for that year.
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