Section 35AC - Eligible projects or schemes - Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital' by Mundakayam Medical Trust Hospital Society, Idukki District, Kerala - S.O. 1154(E) - Income Tax Act, 1961
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Extension of eligible project status preserves tax-linked incentives for a charitable hospital expansion following administrative recommendation. The Central Government specified that the 'Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital' by Mundakayam Medical Trust Hospital Society continues to qualify as an eligible project under Section 35AC, preserving the previously approved project cost without change and extending the project's entitlement to the tax-linked incentive for a further three-year period commencing with the financial year 2010-11, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under the applicable Income-tax Rules.
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.
Extension of eligible project status preserves tax-linked incentives for a charitable hospital expansion following administrative recommendation.
The Central Government specified that the "Expansion of Mundakayam Medical Trust Hospital into a multi-specialty hospital" by Mundakayam Medical Trust Hospital Society continues to qualify as an eligible project under Section 35AC, preserving the previously approved project cost without change and extending the project's entitlement to the tax-linked incentive for a further three-year period commencing with the financial year 2010-11, following a recommendation by the National Committee for Promotion of Social and Economic Welfare under the applicable Income-tax Rules.
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