Extension of Section 35AC designation: vocational training center remains eligible while CSR funds are excluded from the exemption. The notification extends the designation of the Santosh Mahesh Bagroida Vocational Training Center as an eligible project under Section 35AC for a further three-year period without change to the approved cost, based on the National Committee's recommendation that the project is being properly executed, and clarifies that funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules are excluded from the Section 35AC exemption.
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Provisions expressly mentioned in the judgment/order text.
Extension of Section 35AC designation: vocational training center remains eligible while CSR funds are excluded from the exemption.
The notification extends the designation of the Santosh Mahesh Bagroida Vocational Training Center as an eligible project under Section 35AC for a further three-year period without change to the approved cost, based on the National Committee's recommendation that the project is being properly executed, and clarifies that funds received under Schedule VII of Section 135 of the Companies Act and the Companies (CSR) Rules are excluded from the Section 35AC exemption.
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