Expenditure on eligible projects or schemes.35AC. (1) Where an assessee incurs any expenditure by way of payment of any sum to a public sector company or a local authority or to an association or institution approved by the National Committee for carrying out any eligible project or scheme, the assessee shall, subject to the provisions of this section, be allowed a deduction of the amount of such expenditure incurred during the previous year :
Provided that a company may, for claiming the deduction under this sub-section, incur expenditure either by way of payment of any sum as aforesaid or directly on the eligible project or scheme.(2) The deduction under sub-section (1) shall not be allowed unless the assessee furnishes along with his return of income a certificate-
| (a) | - | where the payment is to a public sector company or a local authority or an association or institution referred to in sub-section (1), from such public sector company or local authority or, as the case may be, association or institution; |
| (b) | - | in any other case, from an accountant, as defined in the Explanation below sub-section (2) of section 288, |
in such form, manner and containing such particulars (including particulars relating to the progress in the work relating to the eligible
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