Section 35AC eligible projects listed by government, specifying projects, costs and a three-year validity period. The Central Government, on the National Committee's recommendation, specifies corporate-sponsored projects as eligible projects for the section 35AC tax incentive, listing each named company with its corresponding project or scheme and the estimated cost; projects include regional development, education centres, drinking water, rural health centres and school construction. The notification is limited to a three-year period covering specified assessment years and notes an amendment altering the village count for one school-construction entry.
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 eligible projects listed by government, specifying projects, costs and a three-year validity period.
The Central Government, on the National Committee's recommendation, specifies corporate-sponsored projects as eligible projects for the section 35AC tax incentive, listing each named company with its corresponding project or scheme and the estimated cost; projects include regional development, education centres, drinking water, rural health centres and school construction. The notification is limited to a three-year period covering specified assessment years and notes an amendment altering the village count for one school-construction entry.
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