Exemption u/s 35AC - Central Govt. had specified for administration and maintenance of 27 existing villages by SOS Childrens Village of India as an eligible project or scheme - Amendment in N. No. S.O. 267(E), dated the 29th March, 1994 - 242/2005 - Income Tax Act, 1961
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Exemption under section 35AC: amendment raises the approved project cost cap for a specified SOS children's village scheme, enlarging deductible scope. Central Government amended the earlier notification under section 35AC to increase the maximum approved project cost in the Table against serial number 6, substituting a higher project cost figure in column (4), thereby raising the maximum amount of project cost to be allowed as a deduction for the specified SOS Children's Village of India scheme providing administration and maintenance of 27 existing villages.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC: amendment raises the approved project cost cap for a specified SOS children's village scheme, enlarging deductible scope.
Central Government amended the earlier notification under section 35AC to increase the maximum approved project cost in the Table against serial number 6, substituting a higher project cost figure in column (4), thereby raising the maximum amount of project cost to be allowed as a deduction for the specified SOS Children's Village of India scheme providing administration and maintenance of 27 existing villages.
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