Tax exemption under Section 35AC extended for an eligible poverty alleviation project for an additional three-year period. The Central Government specifies the scheme 'Poverty alleviation through capacity building, market support and micro-credit programme' by Development Initiative for Self-Help and Awakening (DISHA) as an eligible project for tax exemption under Section 35AC, and extends the project's eligibility for a further three financial years commencing with 2010-11, without change in the approved project cost, pursuant to rule 11M recommendations and the powers under the Income-tax Act.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under Section 35AC extended for an eligible poverty alleviation project for an additional three-year period.
The Central Government specifies the scheme "Poverty alleviation through capacity building, market support and micro-credit programme" by Development Initiative for Self-Help and Awakening (DISHA) as an eligible project for tax exemption under Section 35AC, and extends the project's eligibility for a further three financial years commencing with 2010-11, without change in the approved project cost, pursuant to rule 11M recommendations and the powers under the Income-tax Act.
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