Notified agricultural extension project u/s 35CCC of Income Tax Act, 1961 – M/s Marico Limited, Mumbai - Safflower Agricultural Extension Project.

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.... To improve the yield as well as increase the area under cultivation of safflower crops 4. Reference No. and date of the application F. No. 203/21/2015-ITA.II  received on 15.05.2015 5. Date of commencement of the agricultural extension project Already commenced. However, approval shall be effective from the date of issue of formal Notification u/s 35CCC of the Income Tax Act, 1961 (Act) 6. Duration  of  the  agricultural  extension project in months Ongoing project 7. Assessment year(s) for which the agricultural   extension  project  is  being notified not exceeding three years) From  date  of  formal  issue  of Notification till....

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....ssued under sub-rule (6) or sub-rule (9) of rule 6AAD. iii. The approved entity shall not accept any amount from the beneficiaries under the eligible agricultural extension project for training, education, guidance or for any material so distributed for the said purposes. iv. The approved entity shall not get any direct or indirect benefit from the notified  agricultural extension project except the deduction of the eligible expenditure in accordance with the provisions of section 35CCC of the Act, rule 6AAD of the I.T. Rules, 1962 and this Notification. The approved entity shall also not name any of their agricultural extension project/activity/scheme on the brand name of any of their products. v. The applic....