Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for purchase of equipments/vehicles, furnishing and construction of building for Sri Sankara Deva Nethralya, Phase-I Expansion Project' by Sri Kanchi Sankara Health & Educational Foundation as an eligible project or scheme - 033/2007 [F.No.NC-274/03/2007] - Income Tax Act, 1961
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Exemption under section 35AC extended eligibility and amended project cost for a charitable eye hospital project. The Central Government, under the Explanation to section 35AC, notified continuation of the Sri Sankara Deva Nethralya Phase I Expansion Project as an eligible scheme for three more years beginning with financial year 2007 2008, following a recommendation by the National Committee that the project is being executed properly; the notification also amends the original notification to increase the maximum sanctioned project cost in the eligibility table.
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Exemption under section 35AC extended eligibility and amended project cost for a charitable eye hospital project.
The Central Government, under the Explanation to section 35AC, notified continuation of the Sri Sankara Deva Nethralya Phase I Expansion Project as an eligible scheme for three more years beginning with financial year 2007 2008, following a recommendation by the National Committee that the project is being executed properly; the notification also amends the original notification to increase the maximum sanctioned project cost in the eligibility table.
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