Income tax exemption extension: eligible notification for hospital expansion approved for three additional financial years under tax law The Central Government, under the Explanation to section 35AC, notifies the expansion of a 100 bedded multi speciality hospital by H.M.S. Education Society-covering purchase of equipment, recurring costs and a corpus fund-as an eligible project for a further three financial years commencing 2011 12, following the National Committee's recommendation and without any change in the previously approved project cost, thereby extending the income tax exemption notification previously issued for the project.
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.
Income tax exemption extension: eligible notification for hospital expansion approved for three additional financial years under tax law
The Central Government, under the Explanation to section 35AC, notifies the expansion of a 100 bedded multi speciality hospital by H.M.S. Education Society-covering purchase of equipment, recurring costs and a corpus fund-as an eligible project for a further three financial years commencing 2011 12, following the National Committee's recommendation and without any change in the previously approved project cost, thereby extending the income tax exemption notification previously issued for the project.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
