Exemption under section 35AC: approved institutions and specified projects qualify for tax deduction for eligible project costs. Approval designates specified charitable institutions and their listed projects as eligible for deduction, with the Central Government specifying each project's estimated cost and the maximum amount allowable as a deduction; certain projects include corpus funds within the approved cost and the notification limits the period of approval to specified assessment years for different serial entries.
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: approved institutions and specified projects qualify for tax deduction for eligible project costs.
Approval designates specified charitable institutions and their listed projects as eligible for deduction, with the Central Government specifying each project's estimated cost and the maximum amount allowable as a deduction; certain projects include corpus funds within the approved cost and the notification limits the period of approval to specified assessment years for different serial entries.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
