Exemption under section 35AC: approval of specified institutions and projects permitting deductions for eligible project costs within limited assessment years. Approval is granted for specified institutions and their named projects or schemes to be treated as eligible for deduction under section 35AC, with each Table entry setting out the project or scheme, its estimated cost and the maximum portion of that cost allowable as a deduction; the notification operates for a limited period in relation to specified assessment years and contains substituted entries revising certain project costs.
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: approval of specified institutions and projects permitting deductions for eligible project costs within limited assessment years.
Approval is granted for specified institutions and their named projects or schemes to be treated as eligible for deduction under section 35AC, with each Table entry setting out the project or scheme, its estimated cost and the maximum portion of that cost allowable as a deduction; the notification operates for a limited period in relation to specified assessment years and contains substituted entries revising certain project costs.
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