U/s 35AC - Notifies the Company Approved by the National Committee - S.O. 93 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 02th Feb, 1996 S.O. 93 (E) - 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 companies specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (3) of the Table below and also specifies in column (4) of the said Table, the maxi- mum amount of such cost which may be allowed as deduction under said section 35AC : TABLE 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. Jindal Aluminium Limited, Jindal Nagar, Tumkur Road, Bangalore-560073 Construction of school building at Nagarbhavi; likely to cost Rs. 15.00 lakhs Rs. 15.00 lakhs 2. This notification shall remain in force for a period of three years in relation to assessment years 1996-97, 1997-98 and 1998-99.