Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Bhartiya Jain Sanghatana, Pune - F.No.V-27015/1/2012-SO - Income Tax
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Section 35AC eligibility expanded for BJS Educational Quality Improvement Project; period extended and project cost increased. Notification designates BJS Educational Quality Improvement Project by Bhartiya Jain Sanghatana, Pune, as an eligible project for deduction under the Explanation to section 35AC for a three year period commencing with financial year 2011 12, and amends the previously notified maximum project cost upward to increase the allowable deduction for that eligibility period.
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Provisions expressly mentioned in the judgment/order text.
Section 35AC eligibility expanded for BJS Educational Quality Improvement Project; period extended and project cost increased.
Notification designates BJS Educational Quality Improvement Project by Bhartiya Jain Sanghatana, Pune, as an eligible project for deduction under the Explanation to section 35AC for a three year period commencing with financial year 2011 12, and amends the previously notified maximum project cost upward to increase the allowable deduction for that eligibility period.
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