Tax exemption under section 35AC approved eligible projects, permitting specified deductions for listed institutional schemes. Approval under Section 35AC is granted for two specified corporate-sponsored projects, each listing the institution, the eligible project or scheme, the estimated cost and the maximum amount of such cost allowable as a deduction. The first project concerns health, sanitation, drinking water, family planning, eye camps and energy income activities in District Kheri; the second concerns construction and furnishing of six classrooms with amenities at a government higher secondary school in Coimbatore. The notification limits the temporal scope of each approval to the assessment years stated.
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.
Tax exemption under section 35AC approved eligible projects, permitting specified deductions for listed institutional schemes.
Approval under Section 35AC is granted for two specified corporate-sponsored projects, each listing the institution, the eligible project or scheme, the estimated cost and the maximum amount of such cost allowable as a deduction. The first project concerns health, sanitation, drinking water, family planning, eye camps and energy income activities in District Kheri; the second concerns construction and furnishing of six classrooms with amenities at a government higher secondary school in Coimbatore. The notification limits the temporal scope of each approval to the assessment years stated.
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