EXPENDITURE ON AGRICULTURAL EXTENSION PROJECT ON NOTIFIED ELIGIBLE AGRICULTURAL EXTENSION PROJECT U/S 35CCC OF THE INCOME-TAX ACT, 1961 - RALLIS KISAN KUTUMBA - RALLIS CROP ADVISORY CENTRES

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..... FINANCE (Department of Revenue) NOTIFICATION NO. 38/2014 New Delhi, the 27th August, 2014 1. Name, address and PAN of the applicant Rallis India Limited, 156/157, 15th Floor, Nariman Bhawan, 227, Nariman Point, Mumbai-400021 (AABCR2657N) 2. Title of the agricultural extension project Rallis Kisan Kutumb-Railis Crop Advisory Centres ('RKK-RCAC's') 3. Purpose of the agricult .....

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..... Total expenses likely to be incurred for the agricultural extension project (other than cost of land or building) A.Y. 2015-16 (applicant has claimed expenses of ₹ 43,39,600/-. However, as project is being accorded approval from subsequent date in the F.Yr. 2014-2015, the expected expenditure for the relevant period would be much lesser) while for A.Y. 2016-17, likely expenditure is ₹ .....

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..... ension project and fulfillment of the conditions specified in the relevant provisions of the Act or the rules or the conditions mentioned in the notification issued under sub-rule (6) or sub-rule (9) of rule 6AAD. (iii) The approved entity shall not accept any amount from the beneficiary under the eligible agricultural extension project for training, education, guidance or any material distribut .....

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..... ral 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 the same .....

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..... 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 yean. (x) The Central Board of Direct Taxes shall withdraw the approval if the approved entity:- a. has ceased its activities; or b. its ac .....

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