Exemption under section 35AC: approved education project qualifies for a capped deduction for specified assessment years. Approval is granted under section 35AC for Sihor Education Foundation's project comprising construction, equipment, furnishing, operation of a college and a corpus fund, with an identified estimated project cost and a specified maximum portion of that cost allowable as a deduction; the notification limits the temporal scope of the approval to particular assessment years.
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 education project qualifies for a capped deduction for specified assessment years.
Approval is granted under section 35AC for Sihor Education Foundation's project comprising construction, equipment, furnishing, operation of a college and a corpus fund, with an identified estimated project cost and a specified maximum portion of that cost allowable as a deduction; the notification limits the temporal scope of the approval to particular assessment years.
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