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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Allana Foundation's tax exemption extended for 3 years under Section 35AC; project cost limit doubled to Rs. 800 lakh.</h1> The Central Government has extended the exemption for the Allana Foundation's project, which provides financial assistance for medical, educational health and nutrition, poverty relief, and employment generation for handicapped individuals, women, and girls. Initially recognized under section 35AC of the Income-tax Act, 1961, the project was eligible from assessment year 2004-05 and extended in 2006. Based on the National Committee's recommendation, the project is now further extended for three years starting from the financial year 2008-09, with the maximum project cost increased from Rs. 400 lakh to Rs. 800 lakh.
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