U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - 'Sevalaya old age home project' by Sevalaya, Sevalaya Campus, Kasuva Village, Pakkam Sevalaya, Thiruninravur - 136/2011 - Income Tax Act, 1961
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Extension of eligible project status under Section 35AC granted, allowing continued tax-incentive treatment for the Sevalaya old age home project. Notification extends eligible project status under section 35AC of the Income-tax Act to the Sevalaya old age home project for an additional three-year period commencing with the financial year 2012-13, based on the National Committee's recommendation that the project is being executed properly, and confirms continuation without any change in the approved cost structure comprising a corpus component and recurring expenditure.
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Provisions expressly mentioned in the judgment/order text.
Extension of eligible project status under Section 35AC granted, allowing continued tax-incentive treatment for the Sevalaya old age home project.
Notification extends eligible project status under section 35AC of the Income-tax Act to the Sevalaya old age home project for an additional three-year period commencing with the financial year 2012-13, based on the National Committee's recommendation that the project is being executed properly, and confirms continuation without any change in the approved cost structure comprising a corpus component and recurring expenditure.
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