Exemption u/s 35AC - Approved Bongaigaon Refinery and Petrochemicals Limited as an eligible projects or schemes - S. O. 403(E) - Income Tax

Exemption u/s 35AC - Approved Bongaigaon Refinery and Petrochemicals Limited as an eligible projects or schemes NOTIFICATION NO. S. O. 403 ( E ) DATED 15-5-1998 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 said Table and also specifies in the column (4) of the said Table, the maximum amount of such cost which may be allowed as a deduction under the said section 35AC. TABLE Sl No. Name of the company Project or scheme estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Bongaigaon Refinery and Petrochemicals Limited, P. O. Dhaligaon, District Bongaigaon, Assam-783 385. Welfare Schemes under special component plan and Tribal sub-plan at Bongaigaon, Kokrajhar, Goalpara and Dhubri districts of Assam, likely to cost Rs. 65.00 lakhs. Rs. 65 lakhs 2. This notification shall remain in force for a period of one year in relation to the assessment year 1999-2000. [No. 10587/F. No. NC-29/98]