Tax deduction eligibility under Section 35AC extended to cover specified rural school and drinking-water projects for additional assessment years. Amendment to the notification under the explanation to Section 35AC extends qualifying period to assessment years 1993-94 through 1995-96 and adds an annexure designating specific rural projects: construction of school buildings in 21 named villages and construction of borewells and drinking-water works in 28 named villages as qualifying activities for the purposes of the notification.
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.
Tax deduction eligibility under Section 35AC extended to cover specified rural school and drinking-water projects for additional assessment years.
Amendment to the notification under the explanation to Section 35AC extends qualifying period to assessment years 1993-94 through 1995-96 and adds an annexure designating specific rural projects: construction of school buildings in 21 named villages and construction of borewells and drinking-water works in 28 named villages as qualifying activities for the purposes of the notification.
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