Exemption u/s 35AC - Central Government had specified for construction of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Gujarat, by Mata Lachmi Rotary Charitable Society as an eligible project or scheme - 197/2003 - Income Tax Act, 1961
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Exemption under section 35AC extended for vocational training school project, maintaining its eligibility and compliance requirements. Central Government specifies the construction, equipping and operation of a vocational training and rehabilitation school for hearing handicapped children at Adipur by Mata Lachmi Rotary Charitable Society as an eligible project for tax exemption under the relevant Income tax provision; the National Committee recommended further specification after finding proper execution, and the Government extends the project's eligibility for a further three year period, confirming estimated cost inclusive of a corpus fund and preserving entitlement to the exemption under the notification framework.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for vocational training school project, maintaining its eligibility and compliance requirements.
Central Government specifies the construction, equipping and operation of a vocational training and rehabilitation school for hearing handicapped children at Adipur by Mata Lachmi Rotary Charitable Society as an eligible project for tax exemption under the relevant Income tax provision; the National Committee recommended further specification after finding proper execution, and the Government extends the project's eligibility for a further three year period, confirming estimated cost inclusive of a corpus fund and preserving entitlement to the exemption under the notification framework.
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