Deduction limits under section 35AC increased for a specified trust, expanding eligible project cost ceiling. Amendment increases the maximum deductible cost allowed under section 35AC by substituting a higher approved ceiling in the Table entry for the listed beneficiary; the Central Government amends Notification No. S. O. 791(E) on recommendation of the National Committee to replace the previously prescribed maximum cost with a new, higher maximum cost for eligibility of deduction.
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Provisions expressly mentioned in the judgment/order text.
Deduction limits under section 35AC increased for a specified trust, expanding eligible project cost ceiling.
Amendment increases the maximum deductible cost allowed under section 35AC by substituting a higher approved ceiling in the Table entry for the listed beneficiary; the Central Government amends Notification No. S. O. 791(E) on recommendation of the National Committee to replace the previously prescribed maximum cost with a new, higher maximum cost for eligibility of deduction.
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