Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Arya Anathalaya, New Delhi - F.No.V-27015/1/2012-SO - Income Tax Act, 1961
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Section 35AC eligibility extended for UTKARSH hostel project, preserving tax-favoured treatment under existing approved cost. The Central Government, under sub-section (1) read with clause (b) of the Explanation to Section 35AC, notifies continuation of the UTKARSH hostel scheme run by Arya Anathalaya as an eligible project for a further three-year period commencing 2012-13, following the National Committee's recommendation and confirming the approved project cost remains unchanged.
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Section 35AC eligibility extended for UTKARSH hostel project, preserving tax-favoured treatment under existing approved cost.
The Central Government, under sub-section (1) read with clause (b) of the Explanation to Section 35AC, notifies continuation of the UTKARSH hostel scheme run by Arya Anathalaya as an eligible project for a further three-year period commencing 2012-13, following the National Committee's recommendation and confirming the approved project cost remains unchanged.
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