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of <h1>Agricultural Extension Project in Uttar Pradesh Gains Tax Deduction Approval Under Section 35CCC for Sugarcane Productivity Boost</h1> The notification pertains to an agricultural extension project by a New Delhi-based company, approved under Section 35CCC of the Income Tax Act, 1961. The project aims to enhance sugarcane productivity by educating farmers on best practices and advanced technologies in Uttar Pradesh. The project, ongoing since its commencement, is eligible for tax deductions from the notification date until March 31, 2016. The company must maintain audited separate accounts, avoid charging beneficiaries, and ensure no direct benefits are derived except eligible expenditure deductions. The Central Board of Direct Taxes reserves the right to withdraw approval if the project fails to meet specified conditions.
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