Exemption u/s 35AC -Approves Mafatlal Industries Limited (Regd.) Office as an eligible project or scheme - S.O.522(E) - Income Tax

Exemption u/s 35AC -Approves Mafatlal Industries Limited (Regd.) Office as an eligible project or scheme NOTIFICATION NO. S.O.522 ( E ) DATED 14-7-1994 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 specifies the eligible project and scheme and the estimated cost thereof as mentioned in column (3) of the Table below to be undertaken by the company specified in the corresponding entry in column (2) of the said Table and also specifies in the corresponding entry in column (4) of the said Table, the maximum amount of such cost which may be allowed as deduction under said section 35AC. TABLE Sl. 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. Mafatlal Industries Limited (Regd.) Office: Asarwa Road, Post Box No. 2006 Ahmedabad-380 016. Construction of building with furnishing ands fixtures for establishing a centre at Nadiad; likely to cost Rs. 120 lakhs. Rs. 120 lakhs This notification shall remain in force for a period of two years in relation to the assessment years 1995-96 and 1996-97. [No. 9572/F. No. NC-64/94]