U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Bharat Sevashram Sangha Calcutta - S.O. 392 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10356 New Delhi, the 19th May, 1997 S.O. 392 (E). -Whereas by notification number S. O. 740(E) dated the 12th October, 1994 issued under clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified the scheme of Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-19 (West Bengal) for Welfare project for Rural Tribes comprising, construction, furnishing, equipments, running of Hospital, Vocational Training-cum-Production Unit, Residential School and Model Demonstration Farm at Barajuri, Ghatsilla (Near Jamshedpur) as an eligible project or scheme for a period of three years commencing from the assessment year 1995-96; 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 or three years; Now, THEREFORE, the Central Government, in exercise of the powers conferred by clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme of Bharat Sevashram Sangha, 211, Rash Behari Avenue. Calcutta-19 (West Bengal) for Welfare project for Rural Tribes comprising, construction, furnishing, equipments, running of Hospital, Vocational Training-cum-Production Unit, Residential School and Model Demonstration Farm at Barajuri, Ghatsilla (Near Jamshedpur) at the estimated cost of rupees one hundred forty two lakhs only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1998-99 i.e. 1998-99, 1999-2000 and 2000-2001. [F. No. NC-62/97] V.K. SEHGAL, Dy. Secy.,