U/s 35AC IT Act 1961 – Amendment Notification No. S.O. 54(E) dated the 16th January, 1998 - S.O. 1142(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11128 New Delhi, the 18th November, 1999 S.O. 1142(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 further amends the Notification of Government of India, Ministry of Finance (Department of Revenue) S.O. 54(E) dated the 16 th January, 1998 as follows, namely :- In the said notification, in the Table against serial number 7 relating to Hindu Mission Hospital, Chennai, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC, for words and figures Rs. 30.00 lakhs as corpus fund , the words and figures Rs. 100.00 lakhs as cropus fund shall be substituted. This notification shall remain in force for a further period of three years beginning with assessment year 2001 -2002. [F. No. NC-93/99] POMELA. B. PRASAD, Director (National Committee)