TMI BlogGuidelines for approval of agricultural extension project under section 35CCC.X X X X Extracts X X X X X X X X Extracts X X X X ..... five lakh rupees is expected to be incurred for the project. (2) Before undertaking any agricultural extension project, an assessee shall make an application in Form No.3C-O to the Member (IT), Central Board of Direct Taxes for notification of such project under sub-section (1) of section 35CCC . (3) The application referred to in sub-rule (2) shall be accompanied by the following, namely:- (a) a detailed note on the agricultural extension project to be undertaken by the assessee; (b) details of the expenditure expected to be incurred on the project and expected date of completion of the project; and (c) a letter approving the project and specifying the amount of expenditure expected to be incurred on the project from the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... effective period of the notification issued under sub-rule (6), make an application to the Central Board of Direct Taxes for notification of such project for a further period. (8) the Central Board of Direct Taxes shall, after receiving the application under sub-rure (7), call for a report from the Commissioner of Income-tax or the Director of Income-tax, as the case may be, having jurisdiction over the case regarding the activities of the agricultural extension project during the period of notification and fulfillment of conditions mentioned in rule 6AAE and any other conditions subject to which the agricultural extension project was notified under sub-rule (6). (9) On being satisfied with the report received under sub-rule (8) on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... all be sent to the applicant, the Ministry of Agriculture, Government of India, the Commissioner of Income-tax or the Director of Income-tax, as the case may be, the Department of Agriculture of the concerned State and Agricultural Technology Management Agency of the concerned district.] ---------------------- Notes:- 1. Inserted vide Notification No. 38/2013-IT dated -30-05-2013 2. Substituted vide NOTIFICATION NO. 18/2014, d ated: March 21, 2014 before it was read as, 1 [6AAD . Guidelines for approval of agricultural extension project under section 35CCC . (1) The agricultural extension project shall be considered for notification if it fulfils all of the following conditions namely:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... diture expected to be incurred on the project from the Ministry of Agriculture, Government of India. (5) If any defect is noticed in the application referred to in sub-rule (2) or if any relevant document is not attached thereto, the Commissioner of Income-tax or the Director of Income-tax, as the case may be, shall, before the expiry of one month from the date of receipt of the application in his office, intimate the defect to the applicant for its rectification. (6) The applicant shall remove the defect within a period of fifteen days from the date of such intimation or within such further period which, on an application made in this behalf, as may be extended by the Commissioner of Income-tax or the Director of Income-tax, as the c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... end of the month in which it receives the report referred to in sub-rule (8) from the Commissioner of Income-tax or the Director of Income-tax, as the case may be, under sub-section (1) of section 35CCC , issue a notification in Form No. 3CP to be published in the Official Gazette specifying the agricultural extension project subject to conditions mentioned in rule 6AAE or such other conditions, as it may deem fit, to be effective for such period not exceeding three assessment years or pass an order rejecting the application. (11) If the CBDT is satisfied with the activities of the agricultural extension project during the period of notification, it may notify the said project for a further period. (12) A copy of the notification is ..... X X X X Extracts X X X X X X X X Extracts X X X X
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