Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of 76 Bed Multi Speciality Hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission as an eligible project or scheme - 027/2006- S.O. 158(E) - Income Tax Act, 1961
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Exemption under section 35AC: specified hospital construction project extended for an additional two-year eligible period. The Central Government specified the Construction of a 76-bed multi-speciality hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission as an eligible project under section 35AC for tax exemption, extending the original two-year specification by a further two years from the financial year 2005-2006 following a recommendation by the National Committee for Promotion of Social and Economic Welfare, without any change in the approved estimated cost.
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.
Exemption under section 35AC: specified hospital construction project extended for an additional two-year eligible period.
The Central Government specified the Construction of a 76-bed multi-speciality hospital by Lakulish International Fellowship's Enlightenment (LIFE) Mission as an eligible project under section 35AC for tax exemption, extending the original two-year specification by a further two years from the financial year 2005-2006 following a recommendation by the National Committee for Promotion of Social and Economic Welfare, without any change in the approved estimated cost.
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