Tax exemption under section 35AC: approval of a corporate construction project permitting a capped deduction for project costs. Approval under section 35AC designates Mafatlal Industries Limited's construction of a centre at Nadiad, including building, furnishing and fixtures, as an eligible project, specifies the estimated project cost and the maximum amount allowable as a deduction, and confines the notification's application to two 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.
Tax exemption under section 35AC: approval of a corporate construction project permitting a capped deduction for project costs.
Approval under section 35AC designates Mafatlal Industries Limited's construction of a centre at Nadiad, including building, furnishing and fixtures, as an eligible project, specifies the estimated project cost and the maximum amount allowable as a deduction, and confines the notification's application to two specified assessment years.
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