Section 35AC approval enables tax deduction for approved company's school construction project during specified assessment years. Approval under Section 35AC is conferred on the named company for the construction of a school building at the specified location, specifying the eligible project and the maximum project cost allowable as a deduction; the approval follows the National Committee's recommendation and remains effective for the three stated assessment years.
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 approval enables tax deduction for approved company's school construction project during specified assessment years.
Approval under Section 35AC is conferred on the named company for the construction of a school building at the specified location, specifying the eligible project and the maximum project cost allowable as a deduction; the approval follows the National Committee's recommendation and remains effective for the three stated assessment years.
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