U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Bharat Sevashram Sangha, Calcutta - S.O.1034(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 11558 New Delhi, the 17th November, 2000 S.O.1034(E). - Whereas by notification of the Government of India in the Ministry of Finance number S.O.740(E) dated the 12th October, 1994 , 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 9, Welfare project for Rural Tribes comprising construction, furnishing, equipments and running of Hospital, Vocational Training-cum-Production Unit, Residential School and Model Demonstration Farm at Barajuri, Ghatsilla (Near Jamshedpur), by Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-19 (West Bengal), as an eligible project or scheme for a period of three years beginning with assessment year 1995-96, which was extended further vide notification number S.O. 392(E) dated 19 th May, 1997 for a period of three years beginning with assessment year 1998-99; And whereas the said project or scheme is likely to extend beyond six 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 Welfare project for Rural Tribes comprising construction, furnishing, equipments and running of Hospital, Vocational Training-cum-Production Unit, Residential School and Model Demonstration Farm at Barajuri, Ghatsilla (Near Jamshedpur), which is being carried out by Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-19 (West Bengal), at the estimated cost of rupees one hundred forty two lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002 [F. No. NC-88/2000] POMELA B. PRASAD, Director (N.C.)