Exemption under section 35AC: specified institutions and projects approved with fixed deductible project-cost ceilings and time limits. Approval under section 35AC designates specified institutions and their identified projects as eligible for deduction by fixing, in a Table, each project's estimated cost and the maximum portion of that cost allowable as a deduction; the notification also sets differing temporal limits by serial number for the assessment years during which such deductions may be claimed and records later substitutional amendments to certain cost figures.
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 with fixed deductible project-cost ceilings and time limits.
Approval under section 35AC designates specified institutions and their identified projects as eligible for deduction by fixing, in a Table, each project's estimated cost and the maximum portion of that cost allowable as a deduction; the notification also sets differing temporal limits by serial number for the assessment years during which such deductions may be claimed and records later substitutional amendments to certain cost figures.
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