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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>India Withdraws Tax Exemption for Deoria Hospital Project u/s 35AC of Income-tax Act, 1961.</h1> The Government of India has withdrawn the tax exemption previously granted under Section 35AC of the Income-tax Act, 1961, for a project by a charitable trust in Deoria, Uttar Pradesh. This project involved the construction of a hospital building and purchase of related equipment. Initially recognized as eligible for tax benefits in 2003, the exemption was revoked following an inquiry by the Income-tax Department and recommendations from the National Committee for Promotion of Social and Economic Welfare. Consequently, the project's entries in the original notification have been omitted, and related tax certificates are no longer valid for income tax calculations.
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