Tax exemption for corporate-funded rural school construction approved, permitting deduction of project cost under specified rules. Approval under section 35AC designates a named company's construction of school buildings across eleven villages as an eligible project, specifies the project's estimated cost and the maximum portion of that cost allowable as a deduction, and limits the availability of the deduction to the assessment years identified in the notification.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for corporate-funded rural school construction approved, permitting deduction of project cost under specified rules.
Approval under section 35AC designates a named company's construction of school buildings across eleven villages as an eligible project, specifies the project's estimated cost and the maximum portion of that cost allowable as a deduction, and limits the availability of the deduction to the assessment years identified in the notification.
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