Section 35AC deduction eligibility: specified institutions' approved projects qualify for tax deduction within prescribed cost limits and periods. The Central Government approves specified institutions and their named projects as eligible for deduction under section 35AC, sets estimated project costs and prescribes the maximum portion of such costs allowable as deduction. The notification lists projects across health, education, vocational training, rural development and child welfare, and imposes service delivery conditions for certain projects. It also fixes temporal applicability by prescribing assessment year periods for listed serial numbers and records subsequent substitutional amendments to names and cost ceilings.
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 eligibility: specified institutions' approved projects qualify for tax deduction within prescribed cost limits and periods.
The Central Government approves specified institutions and their named projects as eligible for deduction under section 35AC, sets estimated project costs and prescribes the maximum portion of such costs allowable as deduction. The notification lists projects across health, education, vocational training, rural development and child welfare, and imposes service delivery conditions for certain projects. It also fixes temporal applicability by prescribing assessment year periods for listed serial numbers and records subsequent substitutional amendments to names and cost ceilings.
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