Exemption Under Section 35AC(1 )-Running and Maintenance of Sri Sathya Sai Institute of Higher Medical Sciences at Prasanthigram (Andhra Pradesh) and at Whitefield, Bangalore (Karnataka),Running and Maintenance of Sri Sathya Sai Mobile Hospital,Building a corpus fund for the Trust by Sri Sathya Sa - 82/2010 [F.NO. V.27015/3/2010-SO(NAT.COM)]/S.O. 2528(E) - Income Tax Act, 1961
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Tax exemption transfer: project recognition and donation mobilization authority shifted to a new trust. Notification relocates an income-tax-exempt project for medical services and corpus-building from one trust to another effective 1-12-2010; it authorises the receiving trust to mobilise donations for a defined period, approves transfer of assets and liabilities as on 30-11-2010, and adopts revised allocations for running and maintenance and for the corpus fund, following the National Committee's recommendation.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption transfer: project recognition and donation mobilization authority shifted to a new trust.
Notification relocates an income-tax-exempt project for medical services and corpus-building from one trust to another effective 1-12-2010; it authorises the receiving trust to mobilise donations for a defined period, approves transfer of assets and liabilities as on 30-11-2010, and adopts revised allocations for running and maintenance and for the corpus fund, following the National Committee's recommendation.
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