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Notified agricultural extension project u/s 35CCC of Income Tax Act, 1961 M/s DCM Shriram Consolidated Ltd.,New Delhi - Sugar Manufacturing & Co-Generation of Power.

Income Tax - 52/2015 - Dated:- 26-6-2015 - Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Notification No. 52/2015 New Delhi, Dated 26/06/2015 FORM NO. 3CP 1. Name, address and PAN of the applicant M/s DCM Shriram Consoliated Limited, New Delhi PAN:- AAACD0097R 2. Title of the agricultural extension project Sugar manufacturing & Co-generation of Power 3. Purpose of the agricultural extension project To improve sugarcane productivity by educating f .....

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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 31.03.2016 8. Total expenses likely to be incurred for the agricultural extension project (other than cost of land or building) For F.Yr's 2013-14 2014-15 and 2015-16 applicant has claimed expenses of ₹ 2,99,00,000/-, ₹ 4,62,00,000/- and ₹ 5,57,00,000/-respectively. However, as far as F.Yr. .....

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der: i. The approved entity undertaking agricultural extension project shall maintain 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. ii. 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 agricultural extension .....

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v. 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 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 applicant shall furnish data sheet of farmers who have benefitted f .....

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ect shall be eligible for deduction under section 35CCC: Provided that any expenditure incurred on the agricultural extension project which is reimbursed or reimbursable to the assessee by any person, whether directly or indirectly, shall not be eligible for deduction under section 35CCC. vii. Where a deduction under this section 35CC of the Act is claimed and allowed for any assessment year, deduction shall not be allowed in respect of such expenditure under any other provisions of the Act for .....

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