U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Sahyog Kushthayagna Trust, Gujarat - S.O.565(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 179/2001 New Delhi, the 20 th June, 2001 S.O. 565(E).- Whereas by notification of the Government of India in the Ministry of Finance number S.O. 844(E) dated the 17 th October, 1995 as amended by S.O. 213(E) dated the 16 th March, 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 Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, District Sabarkantha, Gujarat - 383276, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.213(E) dated the 16 th March, 1998 for a period of three years beginning with assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond six years; And whereas the National Committee has, being satisfied that the 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 and amending the project cost from Rs. 35.70 lakhs to Rs. 93.30 lakhs; 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 specifics the scheme or project of Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, which is being carried out by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, District Sabarkantha, Gujarat - 383276 at the estimated cost of Rs. 93.30 lakhs, 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)