35CCB. Expenditure by way of payment to associations and institutions
for carrying out programmes of conservation of natural resources.-
(1) Where an assessee incurs any expenditure on or
before the 31st day of March, 2002 by way of payment of any
sum—
(a) to an association or institution, which has as its object
the undertaking of any programme of conservation of natural
resources or of affore-station, to be used for carrying out
any programme of conservation of natural resources or afforestation
approved by the prescribed authority ; or
(b) to such fund for afforestation as may be notified by
the Central Government,
the assessee shall, subject to the provisions of sub-section
(2), be allowed a deduction of the amount of such expenditure
incurred during the previous year.
(2) The deduction under clause (a) of sub-section (1) shall
not be allowed with respect to expenditure by way of payment
of any sum to any association or institution, unless such
association or institution is for the time being approved
in this behalf by the prescribed authority :
Provided that the prescribed authority shall not grant such
approval for more than three years at a time.
(3) Where a deduction under this section is claimed and allowed
for any assessment year in respect of any expenditure referred
to in sub-section (1), deduction shall not be allowed in respect
of such expenditure under any other provision of this Act
for the same or any other assessment year.
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