U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - 'Free Eye surgeries and running of hospital' by Medical Research Foundation, Chennai - 131/2011 - Income Tax Act, 1961
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Section 35AC eligible project extension: Free Eye surgeries scheme retained and project cost increased for a further three-year period. Notification under section 35AC extends the 'Free Eye surgeries and running of hospital' scheme as an eligible project for a further three-year period beginning 2012-13, pursuant to a recommendation of the National Committee for Promotion of Social and Economic Welfare. The notification amends the earlier notification to substitute the previously notified maximum project cost and corpus fund with increased figures, thereby revising the ceiling for deduction under section 35AC for the extended period.
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.
Section 35AC eligible project extension: Free Eye surgeries scheme retained and project cost increased for a further three-year period.
Notification under section 35AC extends the "Free Eye surgeries and running of hospital" scheme as an eligible project for a further three-year period beginning 2012-13, pursuant to a recommendation of the National Committee for Promotion of Social and Economic Welfare. The notification amends the earlier notification to substitute the previously notified maximum project cost and corpus fund with increased figures, thereby revising the ceiling for deduction under section 35AC for the extended period.
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