Section Text
In section 35CCA of the Income-tax Act, with effect from the 1st day of June, 1979, -
(a) for sub-section (1), the following sub-section shall be substituted, namely :-
"(1) Where an assessee incurs any expenditure by way of payment of any sum -
(a) to an association or institution, which has as its object the undertaking of any programme of rural development, to be used for carrying out any programme of rural development approved by the prescribed authority; or
(b) to an association or institution, which has as its object the training of persons for implementing programmes of rural development,
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.";
(b) in sub-section (2), for the portion beginning with the words "This section applies" and ending with the words "in this behalf by the prescribed authority :", the following shall be substituted, namely :-
"The deduction under 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 :".