U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Ritambhara Vishva Vidyapeeth Mumbai - S.O. 393(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10357 New Delhi, the 19 th May, 1997 S.O. 393(E) .-Whereas by notification number SO. 839(E) dated the 22 nd November, 1994 issued under clause (b) of Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified the scheme of Ritambhara Vishva Vidyapeeth, 29, Doongersey Road, Malabar Hill, Mumbai-400026 for construction of school and hostel building for adivasi girls, establishing community development centres for imparting self employment skills to the adivasi women and medical relief in Dang district of Gujarat 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 Ritambhara Vishva Vidyapeeth, 29, Doongersey Road, Malabar Hill, Mumbai-400026 for construction of school and hostel building for adivasi girls, establishing community development centres for imparting self employment skills to the adivasi women and medical relief in Dang District of Gujarat at the estimated cost of rupees one hundred seventy eight lakh and seventy seven thousand 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.