Exemption under section 35AC: approval of corporate-funded school construction projects enabling tax deduction for specified eligible projects. Approval under section 35AC designates the named company and specifies an eligible project-construction of school buildings in ten identified villages-together with the estimated project cost and the maximum amount of that cost allowable as a deduction under section 35AC, and limits the approval's operation to the three 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 corporate-funded school construction projects enabling tax deduction for specified eligible projects.
Approval under section 35AC designates the named company and specifies an eligible project-construction of school buildings in ten identified villages-together with the estimated project cost and the maximum amount of that cost allowable as a deduction under section 35AC, and limits the approval's operation to the three assessment years specified in the notification.
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