Exemption u/s 35AC - Approved Maruti Udyog Limited as an eligible projects or schemes - S. O. 677(E) - Income Tax

Exemption u/s 35AC - Approved Maruti Udyog Limited as an eligible projects or schemes NOTIFICATION NO. S. O. 677 ( E ) DATED 11-8-1998 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 mentioned 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. Maruti Udyog Limited, 11th Floor, Jeevan Prakash, 25, Kasturba Gandhi Marg, New Delhi-110 001. Social Development Work at village Mulahera, Dundahera and Sirhoul, District Gurgaon, Haryana : likely to cost Rs. 64.20 lakhs. Rs. 64.20 lakhs. 2. This notification shall remain in force for a period of three years in relation to the assessment years 1999-2000, 2000-2001 and 2001-2002. [No. 10658/F. No. NC-80/98]