Deduction under section 35AC: project extension and cost enhancement for old age home expansion; CSR funds excluded from exemption. Notification re-designates the 'Expansion of Old Age Home' by Sree Sree 108 Karunamoyee Kalimata Mandir as an eligible project for deduction under section 35AC for three additional financial years starting 2016-17, confirms an enhanced approved project cost and corpus fund in the amendment to the prior notification, and expressly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules from the section 35AC exemption.
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Provisions expressly mentioned in the judgment/order text.
Deduction under section 35AC: project extension and cost enhancement for old age home expansion; CSR funds excluded from exemption.
Notification re-designates the "Expansion of Old Age Home" by Sree Sree 108 Karunamoyee Kalimata Mandir as an eligible project for deduction under section 35AC for three additional financial years starting 2016-17, confirms an enhanced approved project cost and corpus fund in the amendment to the prior notification, and expressly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules from the section 35AC exemption.
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