U/s 35AC - Notifies the companies approved by the National Committee - S.O. 1141(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11127 New Delhi, the 18 th November. 1999 S.O. 1141(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 companies 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 35 AC TABLE Serial Number 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. Indian Potash Limited, 3rd Floor, Pragati Tower, 26, Rajendra Place, New Delhi-110008. Project for environment improvement in rainfed areas of Chindwara District, Madhya Pradesh and Amrawati, Maharashtra; likely to cost ₹ 1460.00 lakhs ₹ 105.00 lakhs 2. Tata Sponge Iron Ltd., P.O. Joda, Distt. Keonjhar, Orissa. Construction of road, bridge, promotion of medical facilities, agricultural and education and providing of drinking water by digging tubewells at Villages in Keonjhar. Orissa: likely to cost ₹ 40.00 lakhs ₹ 40.00 lakhs 2. This notification shall remain in force for a period of three years in relation to assessment years 2000-2001, 2001-2002 and 2002-2003 in respect of projects mentioned in the Table. [F. No. NC-93/991 POMELA B, PRASAD, Director (National Committee)