Deduction under Section 35AC limited by CSR funds exclusion, with the notified project's cost increased and eligibility extended. Notification designates the Prabhakar Patil Education Society's Education Development Project as eligible under Section 35AC, extends eligibility for three financial years beginning 2015-16, and substitutes the previously specified maximum allowable project cost with an increased amount. The notification also provides that the Section 35AC exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules.
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Provisions expressly mentioned in the judgment/order text.
Deduction under Section 35AC limited by CSR funds exclusion, with the notified project's cost increased and eligibility extended.
Notification designates the Prabhakar Patil Education Society's Education Development Project as eligible under Section 35AC, extends eligibility for three financial years beginning 2015-16, and substitutes the previously specified maximum allowable project cost with an increased amount. The notification also provides that the Section 35AC exemption does not apply to funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules.
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