Exemption u/s 35AC - Central Government had specified for Purchase of equipments and running of hospital projects at Visakhapatnam, Andhra Pradesh by Sankar Foundation as an eligible project or scheme - 243/2005 - Income Tax Act, 1961
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Exemption under section 35AC extended by Central Government for Sankar Foundation hospital equipment and running project eligibility. Central Government specifies further extension of tax-exemption eligibility under section 35AC for Sankar Foundation's hospital project in Visakhapatnam for a further three-year period, confirming the project as an eligible project or scheme and maintaining the previously approved project cost; the action follows a recommendation by the National Committee under rule 11M.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended by Central Government for Sankar Foundation hospital equipment and running project eligibility.
Central Government specifies further extension of tax-exemption eligibility under section 35AC for Sankar Foundation's hospital project in Visakhapatnam for a further three-year period, confirming the project as an eligible project or scheme and maintaining the previously approved project cost; the action follows a recommendation by the National Committee under rule 11M.
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