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Section 35AC approval for charitable sports centre projects permits specified deduction for approved institution construction and running expenses. Approval under section 35AC is conferred on the named charitable institution to construct and run a sports centre at Agra, with the notification specifying the estimated project cost and the maximum amount of that cost eligible as a deduction; the notification also prescribes the limited period (specified assessment years) during which the approval operates for claiming deductions under the provision.
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 for charitable sports centre projects permits specified deduction for approved institution construction and running expenses.
Approval under section 35AC is conferred on the named charitable institution to construct and run a sports centre at Agra, with the notification specifying the estimated project cost and the maximum amount of that cost eligible as a deduction; the notification also prescribes the limited period (specified assessment years) during which the approval operates for claiming deductions under the provision.
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