Notification u/s 35AC - Notifies the various companies approved by the National Committee - S.O.187(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10286 New Delhi, the 12 th March, 1997 S.O.187(E).- In exercise of the powers conferred by clause (b) of the Explanation to section 35 AC of the Income-lax 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 project or scheme 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 said section 35 AC . TABLE S. No. Name of the company Project or Scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35 AC (1) (2) (3) (4) 1 Natco Pharma Limited, Natco House, Road No. 2 Banjara Hills, Hyderabad-500033 Construction of Mandal Primary Health Centre, Kavuru Village, Cherukupalli Mandalam, Guntur District, Andhra Pradesh. ₹ 4.47 lakhs 2 The South India Paper Mills Limited, Chikkayanacharra, P.O. Nanjargud-571301, Karnataka State Construction of overhead tank and laying pipe line for drinking water project at Chikkayanachatra and Banchallihundi Villages in Mysore District of Karnataka. ₹ 6.00 lakhs 3 The Associated Cement Companies Limited, Cement House, 121, Maharshi Karve Road, Mumbai-400020. Construction, equipments and furnishing of a building for Degree College at Ghumarwin, District Bilaspur, Himachal Pradesh ₹ 572.46 lakhs 2. This notification shall remain in force for a period of two years in relation to assessment years 1997-98 and 1998-99 in respect of projects or schemes mentioned in the Table. [F. No. NC-15/97] V. K. SEHGAL, Dy. Secy.