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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Govt extends tax benefit eligibility for Gujarat school project under Income Tax Act, Sec 35AC(b), for 3 more years.</h1> The Central Government has extended the eligibility of the project for constructing a high school at Block No. 138/A, Village Dioli, Taluk Idar, District Sabarkantha, Gujarat, under section 35AC(b) of the Income Tax Act, 1961. This project, managed by an educational trust, was initially designated as eligible for tax benefits from assessment year 1997-1998, with extensions granted for subsequent periods. The National Committee for Promotion of Social and Economic Welfare has recommended further extension, recognizing the project's proper execution, for an additional three years starting from the financial year 2002-2003, with an estimated cost of twenty-six lakhs.
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