https://www.taxtmi.com/notifications?id=5614 Section 35AC exemption approval: the Central Government approves specified institutions and their eligible projects, setting estimated project costs and maximum deductible portions under section 35AC, subject to time limits and conditions. Conditions include public notice of free benefits to economically weaker sections and annual Chartered Accountant certification that at least 50% of beneficiaries are from those sections and received full free benefits. One approval requires a resolution reserving freeship for at least half the beneficiaries; one proposed corpus was not approved. en-us Fri, 19 Mar 2004 00:00:00 +0530 Thu, 21 Nov 2019 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=5614 Section 35AC exemption approval: the Central Government approves specified institutions and their eligible projects, setting estimated project costs and maximum deductible portions under section 35AC, subject to time limits and conditions. Conditions include public notice of free benefits to economically weaker sections and annual Chartered Accountant certification that at least 50% of beneficiaries are from those sections and received full free benefits. One approval requires a resolution reserving freeship for at least half the beneficiaries; one proposed corpus was not approved. Notifications Income Tax Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/notifications?id=5614