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2008 (8) TMI 348 - HC - Income TaxExpenditure on Eligible Projects - donation made by the assessee to hospital prior to its being declared as eligible under a notification as per section 35AC – held that - the authorities have concurrently held that the donation paid by the assessee to Vidya Sagar Hospital has to be allowed as deduction in view of the exemption granted to Vidya Sagar Hospital for three consecutive assessment years. Considering the exemption order granted to Vidya Sagar Hospital, the authorities have come to the conclusion that the exemption was not operating from a particular date and the same was effective for all the full assessment year - there is no specific date showing the validity of exemption granted to hospital – relief granted to assessee justified.
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