Exemption under section 35AC allows deduction for an approved educational project by a corporate sponsor for specified assessment years. The Central Government approves Jindal Aluminium Ltd. under section 35AC, specifying construction of school buildings in designated villages as the eligible project, the project's estimated cost and the maximum amount of that cost allowable as a deduction. The notification is operative for three assessment years (1997-98 to 1999-2000). A subsequent notification substituted the project description and the stated estimated cost.
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 allows deduction for an approved educational project by a corporate sponsor for specified assessment years.
The Central Government approves Jindal Aluminium Ltd. under section 35AC, specifying construction of school buildings in designated villages as the eligible project, the project's estimated cost and the maximum amount of that cost allowable as a deduction. The notification is operative for three assessment years (1997-98 to 1999-2000). A subsequent notification substituted the project description and the stated estimated cost.
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