U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Shri Apang Abhyudaya Mandal, Ahmdeabad - S.O.570(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 184/2001 New Delhi, the 20 th June, 2001 S.O. 570 (E) - whereas by notification of the Government of India in the Ministry of Finance number S.O. 549(E) dated the 2 nd July, 1998, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 10, for Construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat, by Shri Apang Abhyudaya Mandal, Sola Gandhinagar Highway, Opp. New High Court - Sola, Ahmedabad, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee has, being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of three years; Now, therefore, the Central Government 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) , hereby specifies the scheme or project of Construction of building for school, hostel and residence quarters at Village Sold, Daskroi Taluk, District Ahmedabad, Gujarat, which is being carried out by Shri Apang Abhyudaya Mandal, Sola Gandhinagar Highway, Opp. New High Court - Sola, Ahmedabad, at the estimated cost of rupees thirty two lakhs forty seven thousand only, as an eligible project or scheme for a further period of three years beginning with assessment year 2002-2003 [F. No. NC-61/2001] POMELA B PRASAD, Director (N C)