Deduction under Section 35AC revised for a specified project; notification increases allowable cost for eligible deduction. Amendment revises the maximum allowable cost eligible for deduction under Section 35AC for the Tata Sponge Iron undertaking at Joda, Keonjhar by substituting the previously notified figure with a new amount in the Table of the earlier notification, effecting a change in the cap on expenditure claimable as a deduction for that specified project.
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 revised for a specified project; notification increases allowable cost for eligible deduction.
Amendment revises the maximum allowable cost eligible for deduction under Section 35AC for the Tata Sponge Iron undertaking at Joda, Keonjhar by substituting the previously notified figure with a new amount in the Table of the earlier notification, effecting a change in the cap on expenditure claimable as a deduction for that specified project.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
