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Exemption u/s 35AC - Central Government had specified for development and extension of educational, medical and sports facilities by Ankleshwar Industrial Development Society as an eligible project or scheme - Amendment in N. No. S.O. 228(E) dated the 17th March, 1994 - 190/2003 - Income Tax Act, 1961
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Section 35AC eligible project extended; name change approved and corpus fund permitted for rural education and health. The Central Government, under section 35AC, specifies the Ankleshwar scheme for development and extension of educational, medical and sports facilities in fifty villages as an eligible project for a further three-year period, adopts the National Committee's recommendation that execution is proper, allows a corpus fund out of the approved project cost, and substitutes the implementing body's name to Ankleshwar Industrial and Rural Development Society.
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Section 35AC eligible project extended; name change approved and corpus fund permitted for rural education and health.
The Central Government, under section 35AC, specifies the Ankleshwar scheme for development and extension of educational, medical and sports facilities in fifty villages as an eligible project for a further three-year period, adopts the National Committee's recommendation that execution is proper, allows a corpus fund out of the approved project cost, and substitutes the implementing body's name to Ankleshwar Industrial and Rural Development Society.
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