Exemption under section 35AC: government approves specified charitable projects as eligible for tax relief on contributions. The Central Government, on National Committee recommendations, approves specific institutions and enumerated projects and schemes as eligible projects for exemption under section 35AC, detailing for each institution the operative project descriptions (eg. housing, health, sanitation, education, rehabilitation, rural development and livelihood schemes) and the estimated cost or aggregate cost net of grants. Certain approvals are time-limited: items (2) and (3) remain in force for three assessment years commencing 1993-94. Subsequent notes record substitutions to institutional names and an estimated cost figure.
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.
Exemption under section 35AC: government approves specified charitable projects as eligible for tax relief on contributions.
The Central Government, on National Committee recommendations, approves specific institutions and enumerated projects and schemes as eligible projects for exemption under section 35AC, detailing for each institution the operative project descriptions (eg. housing, health, sanitation, education, rehabilitation, rural development and livelihood schemes) and the estimated cost or aggregate cost net of grants. Certain approvals are time-limited: items (2) and (3) remain in force for three assessment years commencing 1993-94. Subsequent notes record substitutions to institutional names and an estimated cost figure.
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