Omitted

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....erted vide Section 9 of the Finance Act, 1985 w.e.f. 17-03-1985 4.  Omitted vide Section 10 of the Direct Tax Laws (Amendment) Act, 1987 w.e.f. 01-04-1989 before it was read as, "^1[Rural Development Allowance. 35CC. (1) Where the assessee, being a company or a co-operative society, incurs any expenditure on any programme of rural developm....

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.... (a) "programme of rural development" includes any programme for promoting the social and economic welfare of, or the uplift of, the public in any rural area; (b) "rural area" means any other than - (i) an area which is comprised within the jurisdiction of a municipality (whether known as a municipality, municipal corporation, notified area committee, town area committee, town c....

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....uilding, machinery, plant or furniture, and the assessee does not divest itself of the ownership of such asset before the end of the previous year, no deduction in respect of such expenditure shall be allowed under sub-section (1) but the assessee shall be entitled to the allowance for depreciation in respect of the asset so acquired or created as if such assets was used for the purposes of the bu....