Section 35AC deductions: notification approves institutions and eligible projects allowing tax deduction over specified financial years. Notification under Section 35AC designates specified charitable institutions and approves particular projects or schemes, stating estimated project costs (including where applicable corpus funds) and the maximum amount of such costs allowable as a deduction. It ties each approved deductible amount to a defined approval period-primarily a three financial year span commencing with 2011-12, with one project approved for two financial years-and includes footnotes noting substitutions to certain cost figures.
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 deductions: notification approves institutions and eligible projects allowing tax deduction over specified financial years.
Notification under Section 35AC designates specified charitable institutions and approves particular projects or schemes, stating estimated project costs (including where applicable corpus funds) and the maximum amount of such costs allowable as a deduction. It ties each approved deductible amount to a defined approval period-primarily a three financial year span commencing with 2011-12, with one project approved for two financial years-and includes footnotes noting substitutions to certain cost figures.
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