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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Government Extends Thakershy Charitable Trust's Tax Exemption for Hospital Project Under Section 35AC, Funding Remains Unchanged.</h1> The Central Government has extended the eligibility of a project by Thakershy Charitable Trust for tax exemption under Section 35AC of the Income-tax Act, 1961. This project involves the purchase of equipment and the development of a hospital in Ambawadi, Ahmedabad, Gujarat. Initially approved for three years starting from the assessment year 1999-2000, and extended in 2001, the project is now approved for an additional three years from the financial year 2005-06. The approved cost remains Rs. 64 lakhs, with an additional corpus fund of Rs. 50 lakhs.
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