Exemption u/s 35AC - Approves Various institutions as an eligible projects and schemes - S.O.743(E) - Income Tax

Exemption u/s 35AC - Approves Various institutions as an eligible projects and schemes NOTIFICATION NO. S.O.743 ( E ) DATED 25-8-1995 In exercise of the powers conferred by sub-section (1) read with clause ( b ) of 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 (3) of the said table and also specifies in column (4) of the said table, the maximum amount of such cost which may be allowed as deduction under section 35AC. TABLE Sl No. Name of the institution Project or scheme estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Jindal Aluminium Limited, Regd. Office land works: Jindal Nagar, Tumkur Road, Bangalore-560 073. Construction of school buildings in 10 villages namely Sondekoppa, Bassenahalli, Arasinakunte and Mandigere villages of taluk Nelamangala: Deganahalli and Kachanahalli villages of taluk Budhihalu; and Heggadadevapura, Bettanakere, Dasanpura and Huchanapalaya villages of Dasanpura. 1 [ ₹ 38.00 lakhs ] 2. This notification shall remain in force for a period of three years in relation to the assessment years 1996-97, 1997-98 and 1998-99. [No. 9848/F. No. NC-77/95] ******* Notes 1. Substituted vide Notification No. S.O. 975(E) dated 14-12-1995 before it was read as ₹ 28.00 lakhs