Deduction under section 35AC: approval of institutions and specified project costs eligible for tax deduction. Central Government approval under section 35AC designates specific institutions and their eligible projects, sets estimated project costs and the maximum amounts allowable as deductions under section 35AC, and limits the application of those approvals to the assessment years 2003-2004, 2004-2005 and 2005-2006; certain entries include corpus fund components and subsequent notes record substitutions to previously stated amounts.
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.
Deduction under section 35AC: approval of institutions and specified project costs eligible for tax deduction.
Central Government approval under section 35AC designates specific institutions and their eligible projects, sets estimated project costs and the maximum amounts allowable as deductions under section 35AC, and limits the application of those approvals to the assessment years 2003-2004, 2004-2005 and 2005-2006; certain entries include corpus fund components and subsequent notes record substitutions to previously stated amounts.
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