Rural Development Deduction removed; previously allowed approved corporate rural development expenditure deduction subject to conditions and depreciation rules. Section 35CC had allowed companies and co operative societies a deduction for expenditure on approved rural development programmes subject to prior approval by a prescribed authority and specified classes of eligible programmes. If such expenditure created assets retained by the assessee, no current deduction was allowed but depreciation was available under the general provisions. Claiming the deduction required filing an accountant verified statement with the return, and the same expenditure could not be deducted under any other provision. The provision was later omitted by legislative amendment.