Exemption u/s 35AC - notified at serial number 1, 'Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc.' by Sheth Doongarshi Nagji Trust, B/106, Neelam Centre, Hind Cycle Road, Worli, Mumbai, as an eligible project or scheme - 78/2009 - Income Tax Act, 1961
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Exemption under charitable tax provision extended for a Vridhashram project; donations from earlier elapsed years are not certifiable. Notification extends eligibility of the Sheth Doongarshi Nagji Trust project 'Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc.' for tax exemption under the charitable provision for a further three financial years beginning 2007-2008, without change to the approved project cost of Rs.186.56 lakh, but excludes funds collected during the already elapsed initial two years of that extension and disallows issuance of donation exemption certificates for those years.
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.
Exemption under charitable tax provision extended for a Vridhashram project; donations from earlier elapsed years are not certifiable.
Notification extends eligibility of the Sheth Doongarshi Nagji Trust project "Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc." for tax exemption under the charitable provision for a further three financial years beginning 2007-2008, without change to the approved project cost of Rs.186.56 lakh, but excludes funds collected during the already elapsed initial two years of that extension and disallows issuance of donation exemption certificates for those years.
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