Tax deduction under section 35AC raised for a specified charitable project, increasing the maximum allowable project cost ceiling. Amendment invokes the Central Government's power under section 35AC to revise the sanctioned deductible cost for Mamta Lachmi Rotary Charitable Society, substituting the earlier specified split of project cost and corpus with a consolidated higher ceiling that expressly includes the corpus component for deduction under the Income tax Act.
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Provisions expressly mentioned in the judgment/order text.
Tax deduction under section 35AC raised for a specified charitable project, increasing the maximum allowable project cost ceiling.
Amendment invokes the Central Government's power under section 35AC to revise the sanctioned deductible cost for Mamta Lachmi Rotary Charitable Society, substituting the earlier specified split of project cost and corpus with a consolidated higher ceiling that expressly includes the corpus component for deduction under the Income tax Act.
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