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        Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Expansion Project - purchase of equipments for increasing number of free eye surgeries and running of Hospital at Village, Gujarat by Lions Club of Karnavati Foundation - 043/2007- S.O.244(E) - Income Tax

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        Tax eligibility for expansion project under Explanation to section 35AC extended for further three-year period following committee recommendation. The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the Expansion Project by Lions Club of Karnavati Foundation-equipment purchase to increase free eye surgeries and running a hospital at Village Ognaj, Ahmedabad-as an eligible project for a further three years from financial year 2006-07, without change to the previously approved cost including the corpus fund, following the National Committee's recommendation that the project is being executed properly.

        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.

        <h1>Tax eligibility for expansion project under Explanation to section 35AC extended for further three-year period following committee recommendation.</h1> The Central Government, under the Explanation to section 35AC of the Income-tax Act, specifies the Expansion Project by Lions Club of Karnavati Foundation-equipment purchase to increase free eye surgeries and running a hospital at Village Ognaj, Ahmedabad-as an eligible project for a further three years from financial year 2006-07, without change to the previously approved cost including the corpus fund, following the National Committee's recommendation that the project is being executed properly.

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