Deduction limit under section 35AC amended to separate allowable cost and corpus fund for a specified trust. The Central Government amends the prior notification's schedule to revise the maximum deduction composition for Karuna Prayag Trust by substituting the single corpus designation with a bifurcated allowance consisting of a reduced allowable cost element and a separate corpus fund element, thereby reallocating the aggregate ceiling into distinct cost and corpus components as reflected in the amended table entry.
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Provisions expressly mentioned in the judgment/order text.
Deduction limit under section 35AC amended to separate allowable cost and corpus fund for a specified trust.
The Central Government amends the prior notification's schedule to revise the maximum deduction composition for Karuna Prayag Trust by substituting the single corpus designation with a bifurcated allowance consisting of a reduced allowable cost element and a separate corpus fund element, thereby reallocating the aggregate ceiling into distinct cost and corpus components as reflected in the amended table entry.
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