India - Income Tax Act 2010 - Saarc

S. 35CCB I.T. ACT, 1961 1.228Explanation.—For the purposes of this section, “programme of rural development”shall have the meaning assigned to it in the Explanation to sub-section (1)of section 35CC.(3) Where a deduction under this section is claimed and allowed for anyassessment year in respect of any expenditure referred to in sub-section (1),deduction shall not be allowed in respect of such expenditure under section 35Cor section 35CC or section 80G or any other provision of this Act for the same orany other assessment year.]62[Expenditure by way of payment to associations and institutions for carryingout programmes of conservation of natural resources.35CCB. 63 [(1) Where an assessee incurs any expenditure 64 [on or before the 31stday of March, 2002] by way of payment of any sum—(a) to an association or institution, which has as its object the undertakingof any programme of conservation of natural resources or of afforestation,to be used for carrying out any programme of conservationof natural resources or afforestation approved 65 by the prescribedauthority 66 ; or(b) to such fund for afforestation as may be notified by the CentralGovernment,the assessee shall, subject to the provisions of sub-section (2), be allowed adeduction of the amount of such expenditure incurred during the previous year.](2) The deduction under 67 [clause (a) of] sub-section (1) shall not be allowed withrespect to expenditure by way of payment of any sum to any association orinstitution, unless such association or institution is for the time being approvedin this behalf by the prescribed authority 68 :Provided that the prescribed authority shall not grant such approval for morethan three years at a time.(3) Where a deduction under this section is claimed and allowed for anyassessment year in respect of any expenditure referred to in sub-section (1),deduction shall not be allowed in respect of such expenditure under any otherprovision of this Act for the same or any other assessment year.]62. Reintroduced by the Direct Tax Laws (Amendment) Act, 1989, w.e.f. 1-4-1989. Earlier, itwas omitted by the Direct Tax Laws (Amendment) Act, 1987, with effect from the samedate. Original section 35CCB was inserted by the Finance Act, 1982, w.e.f. 1-6-1982.63. Substituted by the Finance Act, 1990, w.e.f. 1-4-1991.64. Inserted by the Finance Act, 2002, w.e.f. 1-4-2003.65. For list of approved associations or institutions, see Taxmann’s Master Guide to IncometaxAct.66. The prescribed authority under rule 6AAC is Secretary, Department of Environment,Government of India.67. Inserted by the Finance Act, 1990, w.e.f. 1-4-1991.68. See rule 6AAC. The prescribed authority is Secretary, Department of Environment,Government of India.