Section 35AC deduction approvals allow specified institutions' projects to qualify for tax deductions under notified eligible projects. The Central Government, on the National Committee's recommendation, notifies specific institutions and approves their eligible projects and schemes as qualifying for deduction under Section 35AC, specifying for each the estimated project cost, the maximum amount allowable as a deduction and the period of approval. A table lists twenty-eight institutions with project descriptions, recommended estimated costs and deductible limits, with most approvals tied to a multi-year period and a minority to alternative timeframes.
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 deduction approvals allow specified institutions' projects to qualify for tax deductions under notified eligible projects.
The Central Government, on the National Committee's recommendation, notifies specific institutions and approves their eligible projects and schemes as qualifying for deduction under Section 35AC, specifying for each the estimated project cost, the maximum amount allowable as a deduction and the period of approval. A table lists twenty-eight institutions with project descriptions, recommended estimated costs and deductible limits, with most approvals tied to a multi-year period and a minority to alternative timeframes.
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