Exemption u/s 35AC - Approves various institutions as an eligible project or schemes - S.O.196(E) - Income Tax

Exemption u/s 35AC - Approves various institutions as an eligible project or schemes NOTIFICATION NO. S.O.196 ( E ) DATED 13-3-1995 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 company specified in column (2) of the Table below and specifies the eligible project and the estimated cost thereof as mentioned 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. Jindal Aluminium Ltd., Regd. Office and works Jindal Nagar, Tumkur Road, Bangalore, Karnataka. Construction of school buildings at 11 villages, namely, Thotagere, Guddadahalli, Kukkanahalli, Somshettihali, Mylauahalli, Hadyal, Bolamaranahalli, Chikkanahalli, Hasuruvahalli Byranaickenahalli and Baradhi of Karnataka, at an estimated cost of Rs. 20.80 lakhs. Rs. 20.80 lakhs 2. This notification shall remain in force for a period of three years in relation to the assessment years 1995-96, 1996-97 and 1997-98. [No. 9722/F. No. NC-4/95.]