Tax exemption under section 35AC extended, allowing continued eligibility for the rural development project deductions via notification. The Central Government specifies continued eligibility for tax exemption under Section 35AC for the rural development project at Vinayapuram carried out by Anuvrat Gram Bharti Sansthan, extending its status as an eligible project for a further three-year period commencing from the financial year 2003-2004 at an estimated cost of sixty lakhs, following an administrative recommendation that the project is being properly executed.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended, allowing continued eligibility for the rural development project deductions via notification.
The Central Government specifies continued eligibility for tax exemption under Section 35AC for the rural development project at Vinayapuram carried out by Anuvrat Gram Bharti Sansthan, extending its status as an eligible project for a further three-year period commencing from the financial year 2003-2004 at an estimated cost of sixty lakhs, following an administrative recommendation that the project is being properly executed.
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