Deduction under section 35AC: approved charitable projects assigned specified deductible caps and limited duration. Central Government approval under section 35AC lists 28 institutions and specifies for each the eligible project or scheme, the estimated cost and the maximum amount of that estimated cost which may be allowed as a deduction; some entries separately identify a corpus fund. The notification also prescribes the assessment years for which the approvals remain in force and notes later substitutions to certain recorded amounts.
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: approved charitable projects assigned specified deductible caps and limited duration.
Central Government approval under section 35AC lists 28 institutions and specifies for each the eligible project or scheme, the estimated cost and the maximum amount of that estimated cost which may be allowed as a deduction; some entries separately identify a corpus fund. The notification also prescribes the assessment years for which the approvals remain in force and notes later substitutions to certain recorded amounts.
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