U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Shri Puroshotam Seva Trust, Ahmedabad - S.O. 398(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10362 New Delhi, the 19 th May, 1997 S.O. 398(E). - Whereas by notification number S.O. 973(E) dated the 14 th December, 1995 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 Shri Puroshotam Seva Trust, Advance Technology Management Association, 17A, Himalaya Park, Opposite Income Tax Office, Ahmedabad-380014 for construction, equipments and running of technical school at village Sola, Taluk Daskroi. District Ahmedabad, Gujarat as an eligible project or scheme for a period of two years commencing from the assessment year 1996-97, And whereas the said project or scheme is likely to extend beyond two 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 clause (b) of Explanation to section 35AC of the Income-tax Act, 1961(43 of 1961) hereby specifies the scheme of Shri Puroshotam Seva Trust, Advance Technology Management Association, 17A, Himalaya Park, Opposite Income Tax Office, Ahmedabad-380014 for construction, equipments and running of technical school at village Sola, Taluk Daskroi, District Ahmedabad, Gujarat at the estimated cost of rupees one hundred lakh 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.