Deduction under section 35AC approved for notified tribal development project permitting capital expenditure deduction under notification Approval under section 35AC is granted to Manipur Shifting Cultivators' Development Association for specified rural and tribal welfare capital projects-construction of houses, community and school buildings, hostels, an indoor stadium, animal sheds, purchase of furniture and running of rural welfare schemes-and the notification specifies the estimated project cost and the maximum amount of such cost that may be allowed as a deduction; the notification also prescribes the period during which the project remains notified for deduction purposes.
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Deduction under section 35AC approved for notified tribal development project permitting capital expenditure deduction under notification
Approval under section 35AC is granted to Manipur Shifting Cultivators' Development Association for specified rural and tribal welfare capital projects-construction of houses, community and school buildings, hostels, an indoor stadium, animal sheds, purchase of furniture and running of rural welfare schemes-and the notification specifies the estimated project cost and the maximum amount of such cost that may be allowed as a deduction; the notification also prescribes the period during which the project remains notified for deduction purposes.
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