Deduction limit under Section 35AC increased for Vatsalya Trust, raising eligible project cost and allowable deduction. Amendment under Section 35AC substitutes the earlier notified project cost ceiling for Vatsalya Trust's eligible welfare scheme with a higher revised amount for the approved period ending with financial year 2016-17, following a recommendation by the National Committee that the project is being executed properly.
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Provisions expressly mentioned in the judgment/order text.
Deduction limit under Section 35AC increased for Vatsalya Trust, raising eligible project cost and allowable deduction.
Amendment under Section 35AC substitutes the earlier notified project cost ceiling for Vatsalya Trust's eligible welfare scheme with a higher revised amount for the approved period ending with financial year 2016-17, following a recommendation by the National Committee that the project is being executed properly.
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