Section 35AC deduction approvals designate specific institutions and projects as eligible with capped costs and limited validity periods. Under section 35AC, the Central Government approves named institutions and specifies eligible projects and schemes with their estimated costs and the maximum amount of such cost allowable as a deduction; project conditions and corpus fund components where applicable are identified and each approval is subject to a prescribed period of validity for specified assessment years.
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.
Section 35AC deduction approvals designate specific institutions and projects as eligible with capped costs and limited validity periods.
Under section 35AC, the Central Government approves named institutions and specifies eligible projects and schemes with their estimated costs and the maximum amount of such cost allowable as a deduction; project conditions and corpus fund components where applicable are identified and each approval is subject to a prescribed period of validity for specified assessment years.
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