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Section 35AC - Eligible projects or schemes - Construction of extension building, purchase of equipments/instruments, mobile van, furnishing and running of Kanoria Hospital and Research Centre at Gandhi Nagar - Gujarat - 006/2009 - Income Tax Act, 1961
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Section 35AC eligible project cost increase expands the allowable deduction ceiling for a charitable hospital project under amended notification. The Central Government amends the prior notification under Section 35AC to substitute the previously notified maximum amount of project cost with a higher ceiling for the charitable medical project in Gandhinagar, Gujarat, carried out by the specified implementing body, following a recommendation by the National Committee to enhance project cost and noting the project's continued proper execution and extended duration.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC eligible project cost increase expands the allowable deduction ceiling for a charitable hospital project under amended notification.
The Central Government amends the prior notification under Section 35AC to substitute the previously notified maximum amount of project cost with a higher ceiling for the charitable medical project in Gandhinagar, Gujarat, carried out by the specified implementing body, following a recommendation by the National Committee to enhance project cost and noting the project's continued proper execution and extended duration.
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