Deduction under Section 35AC: approved institutions and eligible projects listed with specified eligible costs and validity periods. Under Section 35AC the Central Government, on National Committee recommendations, approves named institutions and specifies for each the eligible project or scheme, the estimated project cost and the maximum amount of that cost allowable as a deduction. The notification lists project descriptions and locations, fixes the deductible cost cap per project, and prescribes differing validity periods for the availability of deductions for particular serial numbers.
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 and eligible projects listed with specified eligible costs and validity periods.
Under Section 35AC the Central Government, on National Committee recommendations, approves named institutions and specifies for each the eligible project or scheme, the estimated project cost and the maximum amount of that cost allowable as a deduction. The notification lists project descriptions and locations, fixes the deductible cost cap per project, and prescribes differing validity periods for the availability of deductions for particular serial numbers.
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