U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Jnana Prabodhini Shivapradesh, Pune - S.O.571(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 185/2001 New Delhi, the 20 th June, 2001 S.O. 571(E) .- Whereas by notification of the Government of India in the Ministry of Finance number S.O.832(E) dated the 18 th September, 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 19, for Cultivation and processing training of medicinal plants, training in computerised and numerically controlled (CNC) technology and construction of building for training centre for rural women at Village Shivapur, District Pune, Maharashtra, by Jnana Prabodhini Shivapradesh, 510, Sadashiv Peth, Pune - 411030, Maharashtra, 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 Cultivation and processing training of medicinal plants, training in computerised and numerically controlled (CNC) technology and construction of building for training centre for rural women at Village Shivapur, District Pune, Maharashtra, which is being earned out by Jnana Prabodhini Shivapradesh, 510, Sadashiv Peth, Pune - 411030, Maharashtra, at the estimated cost of rupees twenty two lakhs thirty five 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.)