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    <title>Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified various institutions</title>
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    <description>The Central Government, under the Explanation to section 35AC of the Income-tax Act and on National Committee recommendations, approves Iqbal Mohamed Trust for a Social Welfare and Environment Awareness Project (Light and Life Academy) and specifies eligible components (construction, equipment, books, furniture/fixtures, vehicles and running expenses), the estimated project cost and the maximum portion of that cost allowable as a deduction; the approval is time-limited to the two assessment years stated in the notification.</description>
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