Exemption u/s 35AC - Approved Bongaigaon Refinery and Petrochemi Welfare Schemes Bongaigoan, Assam as an eligible project or scheme - 282(E) - Income Tax

Exemption u/s 35AC - Approved Bongaigaon Refinery and Petrochemi Welfare Schemes Bongaigoan, Assam as an eligible project or scheme NOTIFICATION NO. 282(E) DATED 28-3-2001 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 public sector 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 column (4) of the said table, the maximum amount of such cost which may be allowed as deduction under said section 35AC. Serial No. Name of the company Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC (1) (2) (3) (4) 1. Bongaigaon Refinery and Petrochemi cals Limited, P. O. Dhaligaon, Dis trict Bongaigoan, Assam-783 385 Welfare Schemes at Bongaigaon, Kokra jhar, Golpara and Dhubri Districts of Assam, liekly to cost Rs. 75 lakhs Rs. 75 lakhs 2. This notification shall remain in force for a period of one year in rela tion to the assessment year 2001-2002. [No. 82/2001/F. No. N.C. 123/2000]