U/s. 35AC, read with Explanation (b) thereto of the IT Act, 1961 - Eligible projects or schemes, expenditure on - Notified eligible projects or schemes - 32/2012 - Income Tax
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Tax deduction eligibility for notified social welfare projects: specified institutions and project costs approved for a three year allowance period. Notification identifies approved charitable institutions and specifies eligible projects, their estimated costs and the maximum cost allowable as a tax deduction, including where corpus funds are included, and limits the allowance to the three financial years commencing with 2012 13 as the period of approval.
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.
Tax deduction eligibility for notified social welfare projects: specified institutions and project costs approved for a three year allowance period.
Notification identifies approved charitable institutions and specifies eligible projects, their estimated costs and the maximum cost allowable as a tax deduction, including where corpus funds are included, and limits the allowance to the three financial years commencing with 2012 13 as the period of approval.
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