Supreme Court Grants Interim Relief on Section 35AC(7) Amendment; Donor Incentives for Projects Under Review.

Validity of Section 35AC(7) of the Income Tax, 1961 inserted w.e.f. 1st April, 2017 - it is claimed that, post amendment, no donors are coming forward to donate the amount which is required for construction of the specified hospital etc. - SC granted interim relief subject to final decision. .....

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