Exemption u/s 35AC - Central Government had specified for Running of Founding-cum-adoption centre for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Chennai, by Karna Prayag Trust as an eligible project or scheme - 149/2005- S.O. 713(E) - Income Tax Act, 1961
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Exemption under section 35AC: adoption centre project specified as eligible for a further three year period. The Central Government, under subsection (1) read with clause (b) of the Explanation to section 35AC, specifies the project for Running of Founding cum adoption centre by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project or scheme for a further period of three years commencing from the financial year 2004 2005, without any change in the approved cost, now stated as Rs. 20.00 lakhs plus a corpus fund of Rs. 40.00 lakhs.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC: adoption centre project specified as eligible for a further three year period.
The Central Government, under subsection (1) read with clause (b) of the Explanation to section 35AC, specifies the project for Running of Founding cum adoption centre by Karna Prayag Trust at Raja Krishna Rao Road, Teynampet, Chennai, as an eligible project or scheme for a further period of three years commencing from the financial year 2004 2005, without any change in the approved cost, now stated as Rs. 20.00 lakhs plus a corpus fund of Rs. 40.00 lakhs.
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