U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Amar Seva Sangam, Ayikudi, Tamil Nadu - S.O.572(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 186/2001 New Delhi, the 20 th June, 2001 S.O. 572(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 212(E) dated the 1 st April, 1999 , 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 2, for Construction of buildings, purchase of books, vehicles, equipments, furnishing and running of Valley for the Diasbled Projects at Ayikudi, Shencottah Taluk, Tirunelveli District, Tamil Nadu, by Amar Seva Sangam, Post Box No. 1, Sulochana Gardens, 7-4-104B, Tenkasi Road, Ayikudi - 627852, Tamil Nadu, 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 specifics the scheme or project of Construction of buildings, purchase of books, vehicles, equipments, furnishing and running of Valley for the Diasbled Projects at Ayikudi, Shencottah Taluk, Tirunelveli District, Tamil Nadu, which is being carried out by Amar Seva Sangam, Post Box No.l, Sulochana Gardens, 7- 4-104B, Tenkasi Road, Ayikudi - 627852, Tamil Nadu, at the estimated cost of rupees five crores thirty one 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.)