Exemption u/s 35AC of the Income-tax Act, 1961, the Central Govt. had specified for Construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre at Jawaharlal Nehru Marg, Jaipur, by Bhagwan Mahaveen Cancer Hospital & Research Centre as an eligible project or scheme
Show AI Summary
Income-tax exemption extends eligibility for a hospital construction project, preserving the approved project cost and extension period.
The Central Government specifies the construction of Phase I of Bhagwan Mahaveer Cancer Hospital and Research Centre, Jaipur, by Bhagwan Mahaveen Cancer Hospital & Research Centre as an eligible project under Section 35AC, and extends its eligibility for a further two years beginning with the financial year 2006-07 without any change in the approved project cost of Rs. 2676.00 lakhs, following the National Committee's recommendation and noting prior specifications, extensions and cost enhancements.