Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Thermax Social Initiative Foundation, Pune - F.No.V-27015/1/2012-SO - Income Tax
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Deduction under Section 35AC extended for Thermax school project and the allowable project cost ceiling increased. Notification designates and extends eligibility under Section 35AC for Thermax Social Initiative Foundation's school project for a further three-year period beginning 2011-12, and amends the earlier notification to increase the maximum project cost ceiling allowable for deduction, substituting the prior cost figure with the revised higher amount.
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.
Deduction under Section 35AC extended for Thermax school project and the allowable project cost ceiling increased.
Notification designates and extends eligibility under Section 35AC for Thermax Social Initiative Foundation's school project for a further three-year period beginning 2011-12, and amends the earlier notification to increase the maximum project cost ceiling allowable for deduction, substituting the prior cost figure with the revised higher amount.
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