Exemption under section 35AC: approval of institutional projects permits specified project cost deductions within notification limits. Approval under section 35AC designates Sri Satya Sai Medical Trust for eligible projects-cardiology maintenance and running, hospital repairs and renewals, and ophthalmology and subsequent ENT phases-with a capped deductible cost of Rs. 1,527 lakhs plus specified unutilised prior donations; the approval is time limited to the assessment years specified in the notification.
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: approval of institutional projects permits specified project cost deductions within notification limits.
Approval under section 35AC designates Sri Satya Sai Medical Trust for eligible projects-cardiology maintenance and running, hospital repairs and renewals, and ophthalmology and subsequent ENT phases-with a capped deductible cost of Rs. 1,527 lakhs plus specified unutilised prior donations; the approval is time limited to the assessment years specified in the notification.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
