Deduction under Section 35AC: Approved institutions and projects notified with specified eligible costs and CSR exclusion. Notification under Section 35AC approves, on the National Committee's recommendation, specific institutions and their listed projects with estimated costs and specifies the maximum amount of such cost allowable as a deduction under Section 35AC for the period of approval, limited to the financial year indicated for each entry. The exemption under Section 35AC is excluded for funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules.
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: Approved institutions and projects notified with specified eligible costs and CSR exclusion.
Notification under Section 35AC approves, on the National Committee's recommendation, specific institutions and their listed projects with estimated costs and specifies the maximum amount of such cost allowable as a deduction under Section 35AC for the period of approval, limited to the financial year indicated for each entry. The exemption under Section 35AC is excluded for funds received under Schedule VII of the Companies Act and the Companies (CSR) Rules.
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