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TMI BlogNotified 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.X X X X Extracts X X X X X X X X Extracts X X X X ..... eneration of Power 3. Purpose of the agricultural extension project To improve sugarcane productivity by educating farmers of best practices and adopting new / advanced technologies in area of sugar units at Ajbapur, Rupapur, Hariawan Loni in the state of UP 4. Reference No. and date of the application F. No. 203/20/2015-ITA.II received on 14.05.2015 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) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CCC , 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 project, the genuineness of the activities of the agricultural extension 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 beneficiaries under the eligible agricultural extension project for training, education, g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ction shall not be allowed in respect of such expenditure under any other provisions of the Act for the same or any other assessment year. viii. The approved entity shall, on or before the due date of furnishing the return of income under sub-section (1) of section 139 , furnish the following to the jurisdictional PCIT/CIT/PDIT/DIT, as the case may be, namely:- a) the audited statement of accounts of the agricultural extension projects for the previous year along with the audit report and amount of deduction claimed under sub-section (1) of section 35CCC ; b) a note on the agricultural extension project undertaken by it during the previous year and the programme of agricultural extension project to be undertaken during the cur ..... X X X X Extracts X X X X X X X X Extracts X X X X
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