Exemption under section 35AC: specified institutions' projects approved for deductible contributions, subject to maximum amounts and time limits. The notification approves specified institutions and their identified projects as eligible for tax deduction under the exemption provision, specifying for each the project or scheme, estimated cost and the maximum amount allowable as deduction. It lists eight projects (hospital construction and equipment, traffic improvement, kidney care corpus, primary schools, rural development, agricultural training, cancer hospital works, and leprosy rehabilitation) and sets temporal approval limits: one assessment year for one listed project and three assessment years for the remaining projects.
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 deductible contributions, subject to maximum amounts and time limits.
The notification approves specified institutions and their identified projects as eligible for tax deduction under the exemption provision, specifying for each the project or scheme, estimated cost and the maximum amount allowable as deduction. It lists eight projects (hospital construction and equipment, traffic improvement, kidney care corpus, primary schools, rural development, agricultural training, cancer hospital works, and leprosy rehabilitation) and sets temporal approval limits: one assessment year for one listed project and three assessment years for the remaining projects.
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