Deduction under section 35AC: eligible charitable project status upheld and maximum allowable project cost increased for deduction purposes. The notification specifies continued eligibility under section 35AC for the furnishing and running of the Society for Education of the Crippled's Centre for Independent Living and Antop Hill School, and amends the earlier notification to increase the maximum project cost allowed as a basis for deduction, following a recommendation from the National Committee that the project is properly executed and likely to extend beyond eighteen years.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 35AC: eligible charitable project status upheld and maximum allowable project cost increased for deduction purposes.
The notification specifies continued eligibility under section 35AC for the furnishing and running of the Society for Education of the Crippled's Centre for Independent Living and Antop Hill School, and amends the earlier notification to increase the maximum project cost allowed as a basis for deduction, following a recommendation from the National Committee that the project is properly executed and likely to extend beyond eighteen years.
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