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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 notification under the Explanation to section 35AC of the Income-tax Act approves listed institutions and specified projects as eligible for deduction, specifying estimated project costs and maximum deductible amounts (with separate caps for recurring expenses and capital acquisition where applicable). It also sets the period of approval for deductible treatment: the first project for two financial years and the remaining three projects for three financial years, and records later substitutions to certain corpus fund amounts.</description>
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