Deduction under section 35AC: specified charitable projects approved with capped eligible costs and limited assessment-year validity. Approval is granted for listed institutions and their described projects as eligible projects or schemes under the Explanation to section 35AC of the Income-tax Act; each listed project is paired with an estimated cost and a prescribed maximum amount allowable as a deduction. The notification also fixes the assessment-year periods during which each project's prescribed deduction may be claimed and records substitutional amendments adjusting specified maximum amounts.
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 under section 35AC: specified charitable projects approved with capped eligible costs and limited assessment-year validity.
Approval is granted for listed institutions and their described projects as eligible projects or schemes under the Explanation to section 35AC of the Income-tax Act; each listed project is paired with an estimated cost and a prescribed maximum amount allowable as a deduction. The notification also fixes the assessment-year periods during which each project's prescribed deduction may be claimed and records substitutional amendments adjusting specified maximum amounts.
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