U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Sundeep Foundation, Mumbai - 332/2001 - S.O. 1051(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 332/2001 New Delhi, the 18 th October, 2001 S. O. 1051(E).- Whereas by notification of the Government of India in the Ministry of Finance number SO. 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 6, for Running of Health Care and Education activities at Kutch (Gujarat) and Dhule (Maharashtra), by Sundeep Foundation, 118, Jolly Bhavan No.l, 10, New Marine Lines, Mumbai -400020, 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 Running of Health Care and Education activities at Kutch (Gujarat) and Dhule (Maharashtra), which is being carried out by Sundeep Foundation, 118, Jolly Bhavan No. l, 10, New Marine Lines, Mumbai - 400020, at the estimated cost of rupees forty lakhs only, as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. [F. NO. NC-100/2001] G.C. SRIVASTAVA, Secy. (N.C.)