Explanation to section 35AC - specified at serial number 12, for Running of Arpan Eye Bank at Ghatkopar(E), Bombay, by Arpan Trust, 2, Poonam, 160, R.B. Mehta Marg, Ghatkopar (E), Bombay - 042/2007 - S.O. 243 (E) - Income Tax
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Income tax deduction provision eligible project designation extended and maximum deductible project cost increased for Arpan Eye Bank. The Central Government specifies the Arpan Eye Bank project carried out by Arpan Trust as an eligible project for deductions under the income-tax deduction provision for a further three years commencing from financial year 2006-2007, and amends the earlier notification to substitute the previously stated maximum allowable project cost with a higher specified amount, pursuant to a recommendation of the National Committee for Promotion of Social and Economic Welfare and under the relevant income-tax rules.
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Provisions expressly mentioned in the judgment/order text.
Income tax deduction provision eligible project designation extended and maximum deductible project cost increased for Arpan Eye Bank.
The Central Government specifies the Arpan Eye Bank project carried out by Arpan Trust as an eligible project for deductions under the income-tax deduction provision for a further three years commencing from financial year 2006-2007, and amends the earlier notification to substitute the previously stated maximum allowable project cost with a higher specified amount, pursuant to a recommendation of the National Committee for Promotion of Social and Economic Welfare and under the relevant income-tax rules.
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