Amendment in Notification No. S.O. 400(E) dated the 6th June, 1996 - S.O. 741 (E) - Income Tax

Amendment in Notification No. S.O. 400(E) dated the 6th June, 1996 NOTIFICATION NO. 11061 DATED 10-9-1999 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 amends the notification of Government of India, Ministry of Finance (Department of Revenue), S.O. 400(E) dated the 6th June, 1996 [published at (1996) 133 CTR (St) 11] as follows, namely : In the said notification, in the table against serial number 1 relating to Jindal Aluminium Limited : ( a ) in column (3) relating to project or scheme and estimated cost thereof, for the words and figures Construction of school buildings in 16 villages , the words and figures Construction of school building in 11 villages , shall be substituted ; ( b ) in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC, for words and figures Rs. 80.60 lakhs , the words and figures Rs. 59.80 lakhs , shall be substituted. This notification shall remain in force for a further period of three years-beginning with assessment year 2000-2001. [F. No. NC-91/99]