Exemption under section 35AC: specified institutions' projects approved for deduction with fixed eligible cost limits and time bounds. Notification approves specified institutions for deduction under the Income-tax provision analogous to section 35AC by naming projects, stating estimated costs and fixing the maximum deductible amount. It lists Jindal Aluminium Limited for a Rural Mobile Medical Clinic (deductible cost Rs.6.00 lakhs) and Bongaigaon Refinery and Petrochemicals Limited for welfare schemes and an Eye Hospital (deductible cost Rs.55.00 lakhs), and prescribes the notification's effective periods as one year for the first entry and two years for the second in relation to the stated assessment years.
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' projects approved for deduction with fixed eligible cost limits and time bounds.
Notification approves specified institutions for deduction under the Income-tax provision analogous to section 35AC by naming projects, stating estimated costs and fixing the maximum deductible amount. It lists Jindal Aluminium Limited for a Rural Mobile Medical Clinic (deductible cost Rs.6.00 lakhs) and Bongaigaon Refinery and Petrochemicals Limited for welfare schemes and an Eye Hospital (deductible cost Rs.55.00 lakhs), and prescribes the notification's effective periods as one year for the first entry and two years for the second in relation to the stated assessment years.
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