Deduction under Section 35AC: government notification raises the approved maximum project cost for a specified charitable trust.
Amendment increases the approved maximum project cost eligible for deduction under Section 35AC for a named charitable trust by substituting a higher sanctioned amount in an earlier government notification, replacing the previously notified monetary figure in the Table for that trust with the substituted figure.

Exemption under section 35AC: approval of specified institutions and projects permitting deductions for eligible project costs within limited assessment years.
Approval is granted for specified institutions and their named projects or schemes to be treated as eligible for deduction under section 35AC, with each Table entry setting out the project or scheme, its estimated cost and the maximum portion of that cost allowable as a deduction; the notification operates for a limited period in relation to specified assessment years and contains substituted entries revising certain project costs.