Section 35AC eligibility extended for a charitable home-for-elderly-and-children project, permitting donor tax incentives for three further years. The Central Government notifies that the Mangal Jeevan Trust scheme 'Providing home for old aged persons and lonely children' is an eligible project under the Explanation to section 35AC for a further three financial years commencing 2011-12, following a recommendation under the Income-tax Rules and a finding that the project is being properly executed, with the approved project cost and corpus fund remaining unchanged.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC eligibility extended for a charitable home-for-elderly-and-children project, permitting donor tax incentives for three further years.
The Central Government notifies that the Mangal Jeevan Trust scheme "Providing home for old aged persons and lonely children" is an eligible project under the Explanation to section 35AC for a further three financial years commencing 2011-12, following a recommendation under the Income-tax Rules and a finding that the project is being properly executed, with the approved project cost and corpus fund remaining unchanged.
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