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    <title>Exemption u/s 35AC - Central Govt. had specified various institutions as an eligible project or scheme</title>
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    <description>The Central Government approved specified institutions and designated particular projects as eligible for deduction of project costs under section 35AC, listing each project&#039;s estimated cost and the maximum deductible amount, imposing compliance conditions (including public notices, maintenance of beneficiary records and annual chartered accountant certification of beneficiaries from economically weaker sections), and limiting each approval to prescribed financial years; certain approvals include corpus fund components and later substitutions amend specified amounts.</description>
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      <description>The Central Government approved specified institutions and designated particular projects as eligible for deduction of project costs under section 35AC, listing each project&#039;s estimated cost and the maximum deductible amount, imposing compliance conditions (including public notices, maintenance of beneficiary records and annual chartered accountant certification of beneficiaries from economically weaker sections), and limiting each approval to prescribed financial years; certain approvals include corpus fund components and later substitutions amend specified amounts.</description>
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