U/s 35AC - Approve the company by National Committee - S. O. 215(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10301 New Delhi, the 17 th March, 1997 S. O. 215(E). -In exorcise of the powers conferred by clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government on the recommendations of the National Committee hereby approve the company specified in column (2) of the Table below and specifies the eligible project or scheme and the estimated cost thereof as mentioned in column (3) of the said Table and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under said section 35AC TABLE Serial No. Name of the company Project or Scheme and estimated cost thereof Maximum amount of cost to be allowed, as deduction under section 35AC 1 Bongaigaon Refinery and Petrochemicals Limited, P.O. Dhaligaon, Distt. Bongaigaon, Assam-783385. Welfare Scheme like development of schools, colleges, drinking water, community health, adult education etc,, at Bongaigaon, Kokrajhar, Goalpara and Dhubri Districts of Assam. ₹ 55.00 lakhs. 2. This notification shall remain in force for a period of one year in relation to assessment year 1998-99 in respect of project or scheme mentioned in the Table. [F. No. NC-16/97] V.K. SEHGAL, Dy. Secy.