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      <description>Approval under section 35AC authorises specified institutions and their listed projects as eligible for deduction by setting the maximum project costs allowable as deductions. The notification enumerates each institution, describes the project or scheme (child care, rehabilitation, health, education, rural development and sports related activities) and specifies the maximum amount of project cost that may be deducted. It also prescribes differing periods of assessment year applicability for groups of projects.</description>
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