Section 35AC eligible project designation extended for rural school, hospital and community development scheme, enabling continued expenditure qualification. The Central Government re-notifies the Krishnamurti Foundation India project for development of a rural school, rural hospital and community development work as an eligible project for tax-deductible expenditure, following the National Committee's recommendation that the project is being executed properly. The notification extends eligibility for a further three financial years commencing 2012-13, without any change to the previously approved project cost, thereby preserving the project's qualification under the statutory incentive framework.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC eligible project designation extended for rural school, hospital and community development scheme, enabling continued expenditure qualification.
The Central Government re-notifies the Krishnamurti Foundation India project for development of a rural school, rural hospital and community development work as an eligible project for tax-deductible expenditure, following the National Committee's recommendation that the project is being executed properly. The notification extends eligibility for a further three financial years commencing 2012-13, without any change to the previously approved project cost, thereby preserving the project's qualification under the statutory incentive framework.
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