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Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Construction of building, Modernisation of existing hospital, undertaking mobile health clinics and community health workers programme by Dr. M.L. Dhawale Memorial Trust - 014/2007 [F.No. NC-274/03/2007] - Income Tax Act, 1961
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Tax exemption under section 35AC extended for specified hospital construction and community health programmes by the trust. The Central Government specifies that the Trust's project-construction and modernisation of a 30 bed hospital, mobile health clinics, and community health workers programme-qualifies as an eligible project under section 35AC. Following prior notifications and a recommendation under sub rule (5) of rule 11M by the National Committee for Promotion of Social and Economic Welfare, the specification is extended for a further three year period beginning with financial year 2006 07, with no change to the approved project cost and corpus fund.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption under section 35AC extended for specified hospital construction and community health programmes by the trust.
The Central Government specifies that the Trust's project-construction and modernisation of a 30 bed hospital, mobile health clinics, and community health workers programme-qualifies as an eligible project under section 35AC. Following prior notifications and a recommendation under sub rule (5) of rule 11M by the National Committee for Promotion of Social and Economic Welfare, the specification is extended for a further three year period beginning with financial year 2006 07, with no change to the approved project cost and corpus fund.
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