U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Madras Egmore Lions Blood Bank & Research Foundation, Chennai

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....notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1052(E) dated 11.05.2010, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 12 "Blood Bank Medical Equipment and facilities expansion project" by "Madras Egmore Lions ....

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....he exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Companies (CSR) Rules 2014; Now, therefore, the Central Government, in exercise of the powers conferred by sub- section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), - (a) hereby notifies the scheme or project "Blood Ba....