Exemption u/s 35AC of the income tax act 1961, the central govt. had specified for 'Purchase and installation of plant and machinery, expansion of infrastructure' by Jain Social Federation's Anandrishiji Hospital & Medical Research Centre as an eligible project or scheme - S.O. 1477(E) - Income Tax Act, 1961
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Exemption under section 35AC extended for charitable hospital infrastructure expansion by government notification. Exemption under section 35AC is extended to the project 'Purchase and installation of plant and machinery, expansion of infrastructure' by Jain Social Federation's Anandrishiji Hospital & Medical Research Centre in Ahmednagar for a further three-year period beginning with financial year 2008-09, without change in the approved cost of Rs. 11.30 crore, following a recommendation by the National Committee under rule 11M(5) that the project is being executed properly.
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Provisions expressly mentioned in the judgment/order text.
Exemption under section 35AC extended for charitable hospital infrastructure expansion by government notification.
Exemption under section 35AC is extended to the project "Purchase and installation of plant and machinery, expansion of infrastructure" by Jain Social Federation's Anandrishiji Hospital & Medical Research Centre in Ahmednagar for a further three-year period beginning with financial year 2008-09, without change in the approved cost of Rs. 11.30 crore, following a recommendation by the National Committee under rule 11M(5) that the project is being executed properly.
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