https://www.taxtmi.com/acts?id=3561 A deduction is available for expenditure on eligible projects paid to public sector companies, local authorities, or approved associations or institutions, or directly incurred by companies, subject to prescribed certificates being furnished with the return; the deduction is exclusive of other provisions, approvals or notifications may be withdrawn after opportunity to show cause and where withdrawn the payments or claimed deduction are deemed income of the recipient in the year of withdrawal and taxed at the maximum marginal rate. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 27 Aug 2025 13:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3561 A deduction is available for expenditure on eligible projects paid to public sector companies, local authorities, or approved associations or institutions, or directly incurred by companies, subject to prescribed certificates being furnished with the return; the deduction is exclusive of other provisions, approvals or notifications may be withdrawn after opportunity to show cause and where withdrawn the payments or claimed deduction are deemed income of the recipient in the year of withdrawal and taxed at the maximum marginal rate. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3561