Section 35AC approvals: specified institutions and eligible projects with capped deductible project costs under tax rules. Notification under section 35AC approves specified institutions and specifies, in a Table, the eligible projects or schemes each may undertake, the estimated project costs, and the maximum portion of those costs allowable as deductions under section 35AC; the Notification applies for a three-year period in relation to the named assessment years and includes substitution notes amending certain cost figures.
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 approvals: specified institutions and eligible projects with capped deductible project costs under tax rules.
Notification under section 35AC approves specified institutions and specifies, in a Table, the eligible projects or schemes each may undertake, the estimated project costs, and the maximum portion of those costs allowable as deductions under section 35AC; the Notification applies for a three-year period in relation to the named assessment years and includes substitution notes amending certain cost figures.
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