U/s 35AC - Notifies the Company Approved by the National Committee - S.O. 93 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10268 New Delhi, the 7th February, 1997 S.O. 93 (E). -In exercise of the powers conferred by sub-section (1) read with 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 approves the company specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the Table below and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under the 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) (2) (3) (4) 1. Marathwada Medical Research and Rural Development Institute, Shri Nandlaji Dhoot Hospital, Plot Nos. A1 and A2, MIDC Chikalthana, Auranga- bad-10 Construction of Marathwada Medical Research and Rural Development Institute - First Phase at Plot Nos. A1 and A2, MIDC Chikalthana, Aurangabad and furnishing thereof (including cost of equipment) ₹ 821.57 lakhs. 2. Bajaj Hindustan Limited, Bajaj Bhavan, 2nd Floor, Jamnalal Bajaj Marg, Nariman Point, Mumbai - 400 021 Providing for health measures, sanitation, drinking water supply, family planning, biogas, solar energy, income generating activities, etc., at Golagokarnath and Palia Kalan, District Kheri, Uttar Pradesh. ₹ 2.00 lakhs. 2. This notification shall remain in force for a period of one year in relation to assessment year 1997-98 in respect of the project or scheme mentioned at serial number 2 and for a period of three years in relation to the assessment years 1997-98, 1998-99 and 1999-2000 in respect of the project or scheme mentioned at serial number 1. [F. No. NC-114/96] V.K. SEHGAL, Dy. Secy.