Section 35AC deduction extended for Bellur Trust's school and medical project; CSR Schedule VII funds expressly excluded. Notification designates the Bellur Krishnamachar & Seshamma Smaraka Nidhi Trust project as eligible for deduction under section 35AC for three further financial years commencing 2016-17 and amends the maximum allowable project cost to reflect an increase; it explicitly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules 2014 from the exemption.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC deduction extended for Bellur Trust's school and medical project; CSR Schedule VII funds expressly excluded.
Notification designates the Bellur Krishnamachar & Seshamma Smaraka Nidhi Trust project as eligible for deduction under section 35AC for three further financial years commencing 2016-17 and amends the maximum allowable project cost to reflect an increase; it explicitly excludes funds received under Schedule VII of section 135 of the Companies Act and the Companies (CSR) Rules 2014 from the exemption.
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