Deduction for project expenditure: notified agricultural extension and company skill development costs deductible in year incurred. Expenditures (excluding cost of land or building) on an agricultural extension project by any assessee or on a skill development project by a company are deductible in the tax year incurred, provided the project is notified under Board guidelines; the same expenditure cannot be deducted under any other provision of the Act for the same or any other tax year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deduction for project expenditure: notified agricultural extension and company skill development costs deductible in year incurred.
Expenditures (excluding cost of land or building) on an agricultural extension project by any assessee or on a skill development project by a company are deductible in the tax year incurred, provided the project is notified under Board guidelines; the same expenditure cannot be deducted under any other provision of the Act for the same or any other tax year.
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