Exemption u/s 35AC -Approves M/s. Shanti Gears Limited as an eligible project or scheme - S.O.612(E) - Income Tax

Exemption u/s 35AC -Approves M/s. Shanti Gears Limited as an eligible project or scheme NOTIFICATION NO. S.O.612 ( E ) DATED 23-8-1994 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 the said section 35AC. TABLE Sl. No. Name of the institution Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. M/s. Shanti Gears Limited, 304A, Trichy Road, Singanallur, Coimbatore-641 005, Tamil Nadu Construction of six additional class rooms with amenities in a Government Higher Secondary School at Arasur, Coimbatore, Tamil Nadu, likely to cost Rs. 10 lakhs. Rs.10 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 1995-96. [No. 9587/F. No. NC-77/94]