Tax exemption under section 35AC: specified institutions' projects approved as eligible for deduction with time bound limits. The Central Government approves specified institutions and designates their projects or schemes as eligible for deduction under section 35AC, listing each institution, the approved project, estimated cost and the maximum deductible cost. The notification sets time limited approval periods by financial year for each project (one, two or three years as specified) and includes instances of corpus funds and an amendment clarifying cancer related facility descriptions.
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 exemption under section 35AC: specified institutions' projects approved as eligible for deduction with time bound limits.
The Central Government approves specified institutions and designates their projects or schemes as eligible for deduction under section 35AC, listing each institution, the approved project, estimated cost and the maximum deductible cost. The notification sets time limited approval periods by financial year for each project (one, two or three years as specified) and includes instances of corpus funds and an amendment clarifying cancer related facility descriptions.
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