U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Shri Baldevdas Charitable Trust, Navrangpura, Ahmedabad - S.O.558(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 172/2001 New Delhi, the 20 th June, 2001 S.O. 558(E). - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 422(E) dated the 19 th May, 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 5, for Purchase of ambulance, instruments and running of welfare activities (Medical aid/camps, distribution of foodgrain and clothes) of Shri Baldevdas Charitable Trust in Rural/Urban slums in Ahmedabad and nearby areas in Gujarat State, by Shri Baldevdas Charitable Trust, 18-Raopura Cooperative Housing Society, Near Memnagar Fire Station, Navrangpura, Ahmedabad - 380009, 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, theretore, 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 Purchase of ambulance, instruments and running of welfare activities (Medical aid/camps, distribution of foodgrain and clothes) of Shri Baldevdas Charitable Trust in Rural/Urban slums in Ahmedabad and nearby areas in Gujarat State, which is being carried out by Shri Baldevdas Charitable Trust, 18-Raopura Cooperative Housing Society, Near Memnagar Fire Station, Navrangpura, Ahmedabad - 380009, at the estimated cost of rupees forty five lakhs plus a corpus fund of rupees thirty lakhs 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)