Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Rural Development Projects at Thirukkcurungudi, Padavedu, Erattai Thirupathi and Thirukkolur Villages of Tamilnadu and Kembal Village of Karnataka by Srinivasan Services Trust as an eligible project or scheme - 109/2006 - Income Tax Act, 1961
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Exemption under section 35AC extended for specified rural development projects through a notified scheme, enabling continued tax-deductible support. The Central Government specifies a multi-village rural development project carried out by Srinivasan Services Trust as an eligible project for tax exemption under section 35AC for a further three-year period, following prior notifications, expansion of project villages, and a recommendation by the National Committee, and does so without any change to 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 extended for specified rural development projects through a notified scheme, enabling continued tax-deductible support.
The Central Government specifies a multi-village rural development project carried out by Srinivasan Services Trust as an eligible project for tax exemption under section 35AC for a further three-year period, following prior notifications, expansion of project villages, and a recommendation by the National Committee, and does so without any change to the approved estimated cost.
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