Tax deduction eligibility under section 35AC: government notifies specified projects and caps on allowable project costs for charitable institutions. Notification designates specified institutions and projects as eligible for deduction under section 35AC, listing each institution with the project description, estimated project cost and the maximum portion of that cost allowable as a deduction. It sets assessment-year specific time limits for eligibility for certain serially numbered projects and records that several capped amounts were subsequently amended by later substitution notifications.
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.
Tax deduction eligibility under section 35AC: government notifies specified projects and caps on allowable project costs for charitable institutions.
Notification designates specified institutions and projects as eligible for deduction under section 35AC, listing each institution with the project description, estimated project cost and the maximum portion of that cost allowable as a deduction. It sets assessment-year specific time limits for eligibility for certain serially numbered projects and records that several capped amounts were subsequently amended by later substitution notifications.
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