Deduction for project expenditure allowed in year incurred for Board notified agricultural or company skill development projects. Expenditure (excluding cost of land or building) on agricultural extension projects by any assessee and on skill development projects by a company is deductible in the tax year in which incurred, provided the project is notified by the Board under its guidelines; once allowed under this section, 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 allowed in year incurred for Board notified agricultural or company skill development projects.
Expenditure (excluding cost of land or building) on agricultural extension projects by any assessee and on skill development projects by a company is deductible in the tax year in which incurred, provided the project is notified by the Board under its guidelines; once allowed under this section, 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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