Tax deduction under section 35AC increases allowable project cost for a notified charitable project following government amendment. The Central Government, under section 35AC and on the National Committee's recommendation, amends the original notification at serial number 7 to substitute the previously specified maximum allowable project cost with an enhanced amount for the Kailash Cancer Hospital and Research Centre project executed by Muni Seva Ashram, thereby changing the cap on project expenditure eligible for deduction under the notification.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction under section 35AC increases allowable project cost for a notified charitable project following government amendment.
The Central Government, under section 35AC and on the National Committee's recommendation, amends the original notification at serial number 7 to substitute the previously specified maximum allowable project cost with an enhanced amount for the Kailash Cancer Hospital and Research Centre project executed by Muni Seva Ashram, thereby changing the cap on project expenditure eligible for deduction under the notification.
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