Exemption u/s 35AC – Amendments in Notification no. SO 60(E) dated the January 22, 2003 – project of 'Construction of expansion and running of Gurukul or Gyan Mandir and Health Care Clinic' by Sri Simandhar Swami Aradhana Trust - SO 1316(E) - Income Tax Act, 1961
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Exemption under section 35AC extended for a charitable construction project, but no retrospective donation certificates will be issued. The Central Government re-notifies the Trust's 'Construction of expansion and running of Gurukul or Gyan Mandir and Health Care Clinic' as an eligible project under section 35AC for a further three-year period beginning with financial year 2007-08, following the National Committee's recommendation, but stipulates that no certificate for donation exemption under section 35AC(1) will be issued in respect of funds collected during that already elapsed financial year.
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 a charitable construction project, but no retrospective donation certificates will be issued.
The Central Government re-notifies the Trust's "Construction of expansion and running of Gurukul or Gyan Mandir and Health Care Clinic" as an eligible project under section 35AC for a further three-year period beginning with financial year 2007-08, following the National Committee's recommendation, but stipulates that no certificate for donation exemption under section 35AC(1) will be issued in respect of funds collected during that already elapsed financial year.
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