Conditions subject to which an agricultural extension project is to be notified under section 35CCC.

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....tain separate books of account of the agricultural extension project notified under sub-section(1) of section 35CCC, and get such books of account audited by an accountant as defined in the Explanation below sub-section (2) of section 288. (2) The audit report referred to in sub-rule (1) shall include the comments of the auditor on the true and fair view of the books of account maintained for a....

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....ction 35 CCC of the Act, rule 6AAD and this rule. (5) All expenses (not being expenditure in the nature of cost of any land or building), as reduced by the amount received from beneficiary, if any, incurred wholly and exclusively for undertaking an eligible agricultural extension project shall be eligible for deduction under section 35CCC : Provided that any expenditure incurred on the agric....

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.... during the current year and the financial allocation for such programme; and (c) a certificate from the Ministry of Agriculture, Government of India, regarding the genuineness of the agricultural extension project undertaken by the assessee during the previous year. (7) If the Commissioner of Income-tax or the Director of Income-tax, as the case may be, is satisfied that the,--- ....