Exemption u/s 35 AC - Approved Natco Pharma Limited as an eligible projects or schemes - S.O.220(E) - Income Tax

Exemption u/s 35 AC - Approved Natco Pharma Limited as an eligible projects or schemes NOTIFICATION NO. S.O.220 ( E ) DATED 19-3-1996 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 or scheme and the estimated cost thereof as mentioned in column (3) of the Table below and also specifies 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 institution Project or scheme estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Natco Pharma Limited, Natco House, Road, No. 2, Banjara Hills, Hyderabad-500 033. Laying of road from Muni- palle to Brahmana Kodur, via, Gollamudipadu at Ponnuru Mandalam, Guntur district, Andra Pradesh; likely to cost Rs. 15 lakhs. Rs. 5.00 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 1997-98. [No. 10024/F. No. NC-15/96]