Deduction under section 35AC: approved institutions' projects qualify for specified tax deductions across defined assessment years. Approval under section 35AC is granted to specified institutions, identifying each approved institution, the eligible project or scheme, the estimated project cost and the maximum portion of that cost allowable as a deduction. The notification lists three institutions with corresponding projects and states the maximum deductible amounts, and it prescribes the temporal scope of approval for one- and multi-year assessment-periods as expressly set out.
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 institutions' projects qualify for specified tax deductions across defined assessment years.
Approval under section 35AC is granted to specified institutions, identifying each approved institution, the eligible project or scheme, the estimated project cost and the maximum portion of that cost allowable as a deduction. The notification lists three institutions with corresponding projects and states the maximum deductible amounts, and it prescribes the temporal scope of approval for one- and multi-year assessment-periods as expressly set out.
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