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Exemption u/s 35AC - Central Govt. had specified for Digging of tube-wells for providing potable drinking water, repairing of schools, promotion/ improvement of agricultural activities District of Orissa, by Tata Sponge Iron Limited as an eligible project or scheme - 192/2004- S.O.794(E) - Income Tax Act, 1961
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Tax exemption for a specified social welfare project extended, retaining the approved project cost and continued eligibility for relief. Central Government re-specifies Tata Sponge Iron Limited's social welfare project in Keonjhar District-digging tube-wells, repairing schools, promoting agricultural activities and providing medical facilities-as an eligible project for tax exemption under the Explanation to section 35AC, without any change in the previously approved cost, following the National Committee's recommendation and subject to statutory procedure.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for a specified social welfare project extended, retaining the approved project cost and continued eligibility for relief.
Central Government re-specifies Tata Sponge Iron Limited's social welfare project in Keonjhar District-digging tube-wells, repairing schools, promoting agricultural activities and providing medical facilities-as an eligible project for tax exemption under the Explanation to section 35AC, without any change in the previously approved cost, following the National Committee's recommendation and subject to statutory procedure.
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