Exemption under section 35AC: institutions approved for specified projects with capped deductible project costs for limited assessment years. Approval under section 35AC designates specified institutions and projects as eligible for deduction, specifying for each the eligible project scope, estimated project cost and the maximum amount of that cost allowable as a deduction, with approvals limited to defined assessment years for each listed 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.
Exemption under section 35AC: institutions approved for specified projects with capped deductible project costs for limited assessment years.
Approval under section 35AC designates specified institutions and projects as eligible for deduction, specifying for each the eligible project scope, estimated project cost and the maximum amount of that cost allowable as a deduction, with approvals limited to defined assessment years for each listed project.
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