Section 35AC eligibility approved for school classroom construction; specified portion of project cost allowed as deduction for one assessment year. Under Section 35AC, M/s. Shanti Gears Limited is specified as the undertaking to carry out construction of six additional classrooms with amenities at a Government Higher Secondary School in Arasur, Coimbatore, with an estimated project cost of Rs.10 lakhs and Rs.10 lakhs recorded as the maximum amount allowable as a deduction; the notification remains in force for one year for the relevant assessment year.
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 eligibility approved for school classroom construction; specified portion of project cost allowed as deduction for one assessment year.
Under Section 35AC, M/s. Shanti Gears Limited is specified as the undertaking to carry out construction of six additional classrooms with amenities at a Government Higher Secondary School in Arasur, Coimbatore, with an estimated project cost of Rs.10 lakhs and Rs.10 lakhs recorded as the maximum amount allowable as a deduction; the notification remains in force for one year for the relevant assessment year.
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