U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Notified Eligible Projects or Schemes - Society for Education, Welfare and Action-Rural , Bharuch - 67/2015 - Income Tax Act, 1961
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Deduction eligibility under section 35AC extended for SEWA Rural scheme, project cost ceiling increased and duration renewed for further fiscal years. Notification under section 35AC renews SEWA Rural's 'Integrated Rural Development' project as an eligible scheme for deduction for three further financial years beginning 2014 15 and amends the previously notified maximum project cost figure, substituting the earlier ceiling with a higher project cost figure inclusive of a corpus fund, pursuant to a recommendation by the National Committee that the project is being properly executed.
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Provisions expressly mentioned in the judgment/order text.
Deduction eligibility under section 35AC extended for SEWA Rural scheme, project cost ceiling increased and duration renewed for further fiscal years.
Notification under section 35AC renews SEWA Rural's "Integrated Rural Development" project as an eligible scheme for deduction for three further financial years beginning 2014 15 and amends the previously notified maximum project cost figure, substituting the earlier ceiling with a higher project cost figure inclusive of a corpus fund, pursuant to a recommendation by the National Committee that the project is being properly executed.
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