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Case law › Notifications › 1995 › Notification No. 974
Notification 14 December 1995

Notification No. 974

Companies specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof approved under section 35AC

What this is

Notification No. 974 was published on 14 December 1995. Its subject is Companies specified in column (2) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof approved under section 35AC.

This is an approval of a named institution. It affects that institution and the people who deal with it; the years it covers are stated in it and are the whole of its reach.

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 ActNow
s.35ACno 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 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 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. company estimated cost thereof amount of cost to be allowed as deduction under section 35AC ---- (1) (2) (3) (4) ----

1. Jindal Aluminium Limited, Rural Mobile Medical Clinic Rs. 6.00 lakhs Jindal Nagar, Tumkur Road, for Manav Charitable Hospi- Bangalore-560 073. tal at Bangalore, Karnataka ; likely to cost Rs. 6.00 lakhs.

2. Bongaigaon Refinery and (a) Welfare schemes like, Rs. 55.00 lakhs Petrochemicals Limited, development of schools and P.O. Dhaligaon, District : of colleges, scholarship Bongaigaon, scheme, drinking water, com- Assam-783 385. munity health, adult educa- tion, handloom development, afforestation, agriculture/irri- gation, model village, sports and culture, economic deve- lopment and various other schemes at Bongaigaon, Kakrajhar, Goalpara ; and

(b) Construction of Eye Hos- pital at Guwahati ; likely to cost Rs. 55.00 lakhs. ----

2. This notification shall remain in force for a period of one year in relation to the assessment year 1996-97 in respect of projects mentioned at serial number 1 and for a period of two years in relation to the assessment years 1996-97 and 1997-98 in respect of project mentioned at serial number 2.

[No. 9922 F. No. NC-156/95

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. 975E  ·  Notification No. 973E →

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.