U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Indian Association for the Blind, Madurai - S.O. 1033(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11557 New Delhi, the 17th November, 2000 S.O. 1033(E). - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 469(E) dated the 2nd July, 1996 , 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, Construction of building for school, hostel, library and Auditorium at Sundarajanapatti Village, Madurai, North Taluk, Tamilnadu, by Indian Association for the Blind, Sundarajanpatti.Arumbanoor P.O., Algarkoil Road, Madurai - 625107, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee, 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 Construction of building for school, hostel, library and Auditorium at Sundarajanapatti Village, Madurai, North Taluk, Tamilnadu, which is being carried out by Indian Association for the Blind, Sundarajanpatti,Arumbanoor P.O., Algarkoil Road, Madurai - 625107, at the estimated cost of rupees nineteen lakhs twenty five thousand only, as an eligible project or scheme for a further period of three years beginning with assessment year 2000-2001. [F.No. NC-88/2000] POMELA B. PRASAD, Director (N.C.)