Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Sustainable development of socio economically disadvantaged areas of Gujarat by Cohesion Foundation Trust - 010/2007 [F.No. NC-274/03/2007]- SO. 1154(E) - Income Tax

Tax exemption under the Income-tax Act: specification for a sustainable development project extended for a further two-year period.

The Central Government specifies the sustainable development project carried out by Cohesion Foundation Trust in disadvantaged areas of Gujarat as an eligible project for tax exemption, and-following the National Committee's recommendation that the project is being properly executed-extends the specification for a further two-year period beginning with financial year 2007-08 without any change in the approved project cost.