Exemption u/s 35AC - Approved various institutions as an elilgible projects or schemes - S.O.845(E) - Income Tax

Exemption u/s 35AC - Approved various institutions as an elilgible projects or schemes NOTIFICATION NO. S.O.845 ( E ) DATED 17-10-1995 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. Bajaj Hindustan Limited, Bajaj Bhawan, 2nd Floor, Jamnalal Bajaj Marg, 226, Nariman Point, Bombay. Health, Sanitation, drinking water Supply, family planning, eye cure camps, bio-gas, solar energy income generating activities at Golagokarnnath and Palia Kalan, District Kheri, Uttar Pradesh; likely to cost Rs. 11.48 lakhs. Rs. 11.48 lakhs 2. M/s. Shanthi Gear Limited, 304A, Trichy Road, Singanallur, Coimbatore-641 005. Construction and furnishing of additional six class rooms with amenities at Government Higher Secondary School, Irugur, Coimbatore; likely to cost Rs. 14 lakhs. Rs. 14 lakhs 2. This notification shall remain in force for a period of one year in relation to assessment year 1996-97 in respect of project mentioned at serial number 1 and for a period of two years in relation to the assessment years 1996-97 and 1997-98 in respect of project mentioned at serial number 2. [No. 9894/F. No. NC-130/95]