Section 35AC deduction eligibility: approved institutions' projects receive specified maximum deductible costs across stated financial years. Central Government notification designates named charitable institutions and specific projects as eligible for deduction under section 35AC, recording for each project an estimated cost and the maximum amount allowed as a deduction; approvals are time limited and chiefly span specified two or three year financial periods commencing 2009-2010, with separate treatment for corpus and recurring funds and adjustments to some cost figures by later substitutions.
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.
Section 35AC deduction eligibility: approved institutions' projects receive specified maximum deductible costs across stated financial years.
Central Government notification designates named charitable institutions and specific projects as eligible for deduction under section 35AC, recording for each project an estimated cost and the maximum amount allowed as a deduction; approvals are time limited and chiefly span specified two or three year financial periods commencing 2009-2010, with separate treatment for corpus and recurring funds and adjustments to some cost figures by later substitutions.
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