Exemption under section 35AC approves specified institutions and projects for deduction eligibility for three assessment years. Central Government approval under section 35AC designates specified institutions and their identified projects or schemes as eligible for deduction. The notification lists each institution with the project or scheme, its estimated cost (including any corpus fund where stated) and the maximum amount of such cost allowable as a deduction under section 35AC. The approvals are limited in operation to the three assessment years specified in the notification.
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.
Exemption under section 35AC approves specified institutions and projects for deduction eligibility for three assessment years.
Central Government approval under section 35AC designates specified institutions and their identified projects or schemes as eligible for deduction. The notification lists each institution with the project or scheme, its estimated cost (including any corpus fund where stated) and the maximum amount of such cost allowable as a deduction under section 35AC. The approvals are limited in operation to the three assessment years specified in the notification.
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