Exemption u/s 35AC - Central Government had specified for Blood component-purchase of equipments and accessories thereof at Chennai, Tamilnadu, by Madras Egmore Lions Blood Bank and Research Foundation as an eligible project or scheme - 101/2005- S.O. 390(E) - Income Tax Act, 1961
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Tax exemption extension for specified charitable blood equipment project preserves approved cost and continues eligibility after committee recommendation. The Central Government has specified the project for purchase of blood component equipment and accessories at Chennai by Madras Egmore Lions Blood Bank and Research Foundation as an eligible project for a further three-year period, without change to the approved project cost, following the National Committee's recommendation that the project is being executed properly and warrants continued specification under the applicable rules.
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.
Tax exemption extension for specified charitable blood equipment project preserves approved cost and continues eligibility after committee recommendation.
The Central Government has specified the project for purchase of blood component equipment and accessories at Chennai by Madras Egmore Lions Blood Bank and Research Foundation as an eligible project for a further three-year period, without change to the approved project cost, following the National Committee's recommendation that the project is being executed properly and warrants continued specification under the applicable rules.
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