Deduction under section 35AC increased for Lok Kalyan Samiti project, raising allowable project cost under tax law. Amendment under section 35AC substitutes the previously specified maximum project cost in the original notification for the Lok Kalyan Samiti 'Eye care programme in the National Capital Region, Delhi' with a newly approved higher amount, following a recommendation by the National Committee under rule 11M(5). The change revises the Table entry for that eligible project to reflect the enhanced approved project cost for determining the maximum deduction allowable under the statutory provision.
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 increased for Lok Kalyan Samiti project, raising allowable project cost under tax law.
Amendment under section 35AC substitutes the previously specified maximum project cost in the original notification for the Lok Kalyan Samiti "Eye care programme in the National Capital Region, Delhi" with a newly approved higher amount, following a recommendation by the National Committee under rule 11M(5). The change revises the Table entry for that eligible project to reflect the enhanced approved project cost for determining the maximum deduction allowable under the statutory provision.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
