Section 35AC eligible project extension authorises additional period and raises allowable project cost for tax deduction. Notification under Section 35AC extends eligibility of an existing school renovation and construction project for a further three financial years commencing 2013 14 and amends the prior notification to increase the maximum project cost allowable as a deduction, following a recommendation by the National Committee that the project is being executed properly under the Income tax Rules.
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 eligible project extension authorises additional period and raises allowable project cost for tax deduction.
Notification under Section 35AC extends eligibility of an existing school renovation and construction project for a further three financial years commencing 2013 14 and amends the prior notification to increase the maximum project cost allowable as a deduction, following a recommendation by the National Committee that the project is being executed properly under the Income tax Rules.
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