Section 35AC approvals permit specified institutions' project costs to be deducted subject to notified eligibility, limits and durations. Notification under section 35AC approves specified non-profit institutions and lists eligible projects, estimated costs, and the maximum portion of such costs allowable as deductions; it also prescribes the assessment years during which those deductions may be claimed.
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 approvals permit specified institutions' project costs to be deducted subject to notified eligibility, limits and durations.
Notification under section 35AC approves specified non-profit institutions and lists eligible projects, estimated costs, and the maximum portion of such costs allowable as deductions; it also prescribes the assessment years during which those deductions may be claimed.
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