Expenditure on agricultural extension project.

1. (1) Where an assessee incurs any expenditure on agricultural extension project notified by the Board in this behalf in accordance with theguidelines as may be prescribed, then, there shall be allowed a deduction of a sum equal to one and one-half times of such expenditure. 2. Restored by Act 3 of 1989, s. 95 earlier omitted by Act 4 of 1988, s.10 (w.e.f. 1-4-1989). Original s. 35CCB was inserted by Act 14 of 1982, s. 9 (w.e.f. 1-6-1982). 1[Provided that for the assessment year beginning on or after the 1st day of April, 2021, the provisions of this sub-section shall have effect as if for the words “a sum equal to one and one-half times of”, the words “a sum equal to” had been substituted.]
2. (2) 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 provisions of this Act for the same or any other assessment year.]

¹ Ins. by Act 29 of 2006, s. 7 (w.e.f. 1-4-2006).

³ Subs. by Act 12 of 1990, s. 12, for sub-section (1) (w.e.f. 1-4-1991).

⁴ Subs. by Act 20 of 2002, s. 17, for “Where an assessee incurs any expenditure” (w.e.f. 1-4-2003).

⁵ Ins. by Act 12 of 1990, s. 12 (w.e.f. 1-4-1991).

⁶ Ins. by Act 23 of 2012, s. 10 (w.e.f. 1-4-2013).