Exemption under Section 35AC: specified projects approved for tax exemption with defined costs and limited operative periods. Central Government approval designates specific projects as eligible for exemption under the statutory exemption provision related to section 35AC, listing the implementing institutions, project descriptions and maximum approved costs: Shanthi Gears Limited for construction of five classrooms at Weavers Colony Elementary School (approved cost Rs.10 lakhs) and Tamil Nadu Urban Finance and Infrastructure Development Corporation Ltd. for a low-cost sanitation-cum-scavengar rehabilitation scheme in sixteen listed municipalities (approved cost Rs.70.05 lakhs). The notification limits operative effect to specified assessment years for each project.
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: specified projects approved for tax exemption with defined costs and limited operative periods.
Central Government approval designates specific projects as eligible for exemption under the statutory exemption provision related to section 35AC, listing the implementing institutions, project descriptions and maximum approved costs: Shanthi Gears Limited for construction of five classrooms at Weavers Colony Elementary School (approved cost Rs.10 lakhs) and Tamil Nadu Urban Finance and Infrastructure Development Corporation Ltd. for a low-cost sanitation-cum-scavengar rehabilitation scheme in sixteen listed municipalities (approved cost Rs.70.05 lakhs). The notification limits operative effect to specified assessment years for each project.
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