Exemption under section 35AC: specified institutions and projects approved for eligible project deduction subject to prescribed limits and periods. Approval under the income tax exemption provision is granted for specified institutions and their identified projects, each with an estimated project cost and a maximum portion of that cost eligible for deduction. The notification lists projects across health, education, training, water supply and community welfare, and sets the temporal scope of applicability for certain projects, tying the approval to particular assessment years and prescribed monetary limits.
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: specified institutions and projects approved for eligible project deduction subject to prescribed limits and periods.
Approval under the income tax exemption provision is granted for specified institutions and their identified projects, each with an estimated project cost and a maximum portion of that cost eligible for deduction. The notification lists projects across health, education, training, water supply and community welfare, and sets the temporal scope of applicability for certain projects, tying the approval to particular assessment years and prescribed monetary limits.
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