Exemption u/s 35AC -specified at serial number 1, 'Development of land and construction of 1,00,000 houses, 'Amrita Kuteeram' all over India' by Mata Amritanandamayi Charitable Trust, Amritapuri P.O., Kollam District, Kerala as an eligible project or scheme - 89/2009 - Income Tax Act, 1961
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Section 35AC exemption extended for Amrita Kuteeram housing project under unchanged approved project cost. Notification confirms that the Mata Amritanandamayi Charitable Trust's 'Amrita Kuteeram' housing project is an eligible project for tax exemption under section 35AC and extends that eligibility for a further three-year period beginning with financial year 2009-2010, without any change to the previously approved project cost of Rs. 300.00 crore, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC exemption extended for Amrita Kuteeram housing project under unchanged approved project cost.
Notification confirms that the Mata Amritanandamayi Charitable Trust's "Amrita Kuteeram" housing project is an eligible project for tax exemption under section 35AC and extends that eligibility for a further three-year period beginning with financial year 2009-2010, without any change to the previously approved project cost of Rs. 300.00 crore, following a recommendation by the National Committee for Promotion of Social and Economic Welfare.
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