Exemption u/s 35AC - Central Government had specified for Purchase of equipments and running of Health Care Project at Sangrur (Punjab) by Umeed Khanna Foundation as an eligible project or scheme - 148/2003 - Income Tax Act, 1961
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Tax exemption for eligible healthcare project extended after committee recommendation to preserve specified eligibility. Central Government, relying on the National Committee's recommendation under the Income-tax Rules, specified the Umeed Khanna Foundation's healthcare project at Sangrur as an eligible project under Section 35AC for a further three-month period commencing in the stated assessment year; the notification identifies the executing entity, project purpose of purchase of equipment and running the health-care project, the project location, and records the project's estimated cost.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for eligible healthcare project extended after committee recommendation to preserve specified eligibility.
Central Government, relying on the National Committee's recommendation under the Income-tax Rules, specified the Umeed Khanna Foundation's healthcare project at Sangrur as an eligible project under Section 35AC for a further three-month period commencing in the stated assessment year; the notification identifies the executing entity, project purpose of purchase of equipment and running the health-care project, the project location, and records the project's estimated cost.
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