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    <title>Exemption u/s 35AC -Approves various institutions as an eligible project or scheme</title>
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    <description>Specification under section 35AC designates corporate projects as eligible for tax exemption by naming the sponsoring companies, describing project activities and locations, and fixing maximum approved costs for each project. The notification also prescribes that the approval for the first project applies for one assessment year and the second project for two assessment years, and lists the specific villages for the school construction project in an annexure.</description>
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      <description>Specification under section 35AC designates corporate projects as eligible for tax exemption by naming the sponsoring companies, describing project activities and locations, and fixing maximum approved costs for each project. The notification also prescribes that the approval for the first project applies for one assessment year and the second project for two assessment years, and lists the specific villages for the school construction project in an annexure.</description>
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