Notification No. 229

Eligible projects and schemes and estimated cost thereof as mentioned in column (3) of the Table below to be undertaken by the com specified under section 35AC

What this is

Notification No. 229 was published on 17 March 1994. Its subject is Eligible projects and schemes and estimated cost thereof as mentioned in column (3) of the Table below to be undertaken by the com specified under section 35AC.

This notifies a named person, body, fund or instrument for the purpose of a provision. Nothing in it changes the provision itself.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.35AC	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

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 specifies the eligible projects and schemes and estimated cost thereof as mentioned in column (3) of the Table below to be undertaken by the company specifies in the corresponding entry in column (2) of the said table and also specifies in the corresponding entry 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. Name of the Project or Scheme and Maximum No. institution estimated cost thereof amount of cost to be allowed as deduction under section 35AC ------- (1) (2) (3) (4) -------

1. Swagat Medical and Educa- Construction of Swagat Medical Rs. 62 lakhs tion Centre, C/o Tushar Agen- Centre at Parade Ground, near cies, Buta Ram Market, the Office of Olypmpic Associa- Jammu. tion, Jammu, likely to cost Rs. 62 lakhs. Note.-The project shall con- tinue to be an eligible project subject to the conditions that the company shall, --- (a) charge 40 per cent. to 45 per cent of the existing market rates for different clinical tests for a period of three years ; (b) provide free diagnosis for three years to 25 per cent. of the total patients with a family income not exceeding Rs. 12,000 per annum ; and (c) allow a rebate of 20 per cent. on the cost of medical treatment for three years to 25 per cent. of the total patients having family income between Rs. 12,000 to Rs. 18,000 per annum.

2. Jindal Aluminium Limited, Construction of sub-way No. 4 Rs. 20 lakhs Registered Office and Works, across the National Highway Jindal Nagar, Tumkur Road, No. 4 (Bangalore-Tumkur Road) Bangalore-560 073 at 16th k.m. stone likely to cost Rs. 20 lakhs. -------

2. This notification shall remain in force for a period of one year in relation to the assessment year 1994-95 in respect of project at serial number 2 and for a period of two years in relation to the assessment years 1994-95 and 1995-96 in respect of project at serial number 1.

[No. 9504/F. No. NC-18/94

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 3/2022 — Specifying forms returns statements reports orders by whatever name called prescribed in appendix ii to be furnished ele 16 July 2022
Notification No. 2/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)]/SO 3122(E) — Ministry of Finance 28 August 2019
Notification No. 1/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)] / SO 1706(E) — Ministry of Finance 8 May 2019
Notification No. S.O. 1706 [No. 1/2019 (F.No.V.27013/3/2018-SO(nat.com)] — Section 35AC of the Income-tax Act, 1961, read with rule 11G of the Income-tax Rules, 1962 - Eligible Projects or Scheme 8 May 2019
Notification No. 2/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] SO 5160(E) — Ministry of Finance 5 October 2018
Notification No. 1/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] / SO 1658(E) — MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th April, 2018 S.O 17 April 2018

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.