Exemption Under Section 35AC(1)- “Satya Bharti Schools (establishing and supporting 250 primary schools as well as non-formal education)” by Bharti Foundation, H-5/12, Qutub Ambience, Mehrauli Road, New Delhi - 83/2010 [F.NO. V.27015/3/2010-SO(NAT.COM)]/S.O. 2529(E) - Income Tax
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Exemption under section 35AC: amendment increases corpus allocation for notified educational project, retaining total approved cost. Amendment to a Central Government notification under the Income-tax Act substitutes the corpus allocation in the notification table for the Satya Bharti Schools project, increasing the corpus fund while leaving the overall approved project cost unchanged, following the National Committee's recommendation to enhance the corpus and reduce capital expenditure.
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.
Exemption under section 35AC: amendment increases corpus allocation for notified educational project, retaining total approved cost.
Amendment to a Central Government notification under the Income-tax Act substitutes the corpus allocation in the notification table for the Satya Bharti Schools project, increasing the corpus fund while leaving the overall approved project cost unchanged, following the National Committee's recommendation to enhance the corpus and reduce capital expenditure.
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