Exemption under section 35AC approves a company's welfare project for a capped tax deduction, limited to a specified period. Notification under section 35AC designates Bongaigaon Refinery and Petrochemicals Limited as an eligible company for welfare schemes under the special component plan and Tribal sub plan in specified Assam districts, specifies the estimated project cost and fixes the maximum amount of that cost allowable as a deduction under the provision, and declares the approval effective for one year in relation to the relevant assessment year.
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 approves a company's welfare project for a capped tax deduction, limited to a specified period.
Notification under section 35AC designates Bongaigaon Refinery and Petrochemicals Limited as an eligible company for welfare schemes under the special component plan and Tribal sub plan in specified Assam districts, specifies the estimated project cost and fixes the maximum amount of that cost allowable as a deduction under the provision, and declares the approval effective for one year in relation to the relevant assessment year.
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