Exemption u/s 35 AC - Central Government specified the construction of building with furnishing and fixtures for establishing a centre at Nadiad, by Mafatlal Industries Limited, Ahmedabad as an eligible project or scheme

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..... th furnishing and fixtures for establishing a centre at Nadiad, by Mafatlal Industries Limited, Ahmedabad as an eligible project or scheme NOTIFICATION NO. S.O.217 ( E ) DATED 19-3-1996 Whereas by notification, vide S. O. No. 522(E), dated 14th July, 1996, issued under sub-section (1) read with clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) .....

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..... of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme of the construction of building with furnishing and fixtures for establishing centre at Nadiad, which is being carried out by Mafatlal Industries Limited, Ahmedabad, at the estimated cost of rupees one crore twenty lakhs only as an eligible project or scheme for a further period of three assess .....

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