Exemption u/s 35 AC - Approved Jindal Aluminium Ltd as an eligible projects or schemes - S.O.400(E) - Income Tax

Exemption u/s 35 AC - Approved Jindal Aluminium Ltd as an eligible projects or schemes NOTIFICATION NO. S.O.400 ( E ) DATED 6-6-1996 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 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 maximum amount of such cost which may be allowed as 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. Jindal Aluminium Ltd., Jindal Nagar, Tumkur Road, Bangalore-560 073. 1 [ Construction of school building in 11 villages ] at Hesaraghatta, Nelamangala and Dodaballapur Taluks; likely to cost Rs. 80.60 lakhs. 2 [ Rs. 59.80 lakhs ] 2. This notification shall remain in force for a period of three years in relation to the assessment years 1997-98, 1998-99 and 1999-2000. [No. 10104/F. No. NC--73/96] ******* Notes 1. Substituted vide NOTIFICATION NO. 11061 DATED 10-9-1999 before it was read as Construction of school buildings in 16 villages 2. Substituted vide NOTIFICATION NO. 11061 DATED 10-9-1999 before it was read as Rs. 80.60 lakhs