Section 35AC deduction approvals: Government notifies eligible institutions and projects with specified cost ceilings for approval period. Notification under section 35AC approves twenty-six institutions and their specified projects as eligible for tax-deductible expenditure, setting for each the estimated project cost (including capital and corpus components where applicable) and the maximum amount of that cost allowable as a deduction for the stated approval period, based on the National Committee's recommendations.
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.
Section 35AC deduction approvals: Government notifies eligible institutions and projects with specified cost ceilings for approval period.
Notification under section 35AC approves twenty-six institutions and their specified projects as eligible for tax-deductible expenditure, setting for each the estimated project cost (including capital and corpus components where applicable) and the maximum amount of that cost allowable as a deduction for the stated approval period, based on the National Committee's recommendations.
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