U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Children of the World (India) Trust, Mumbai - S. O. 399(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10363 New Delhi, the 19 th May, 1997 S. O. 399(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 Children of the World (India) Trust, 401, Arun Chambers, 4th Floor, Tardeo, Mumbai-400034 for land development, construction, furnishing and equipments/medicines of Vishwabalak Kendra at Nerul, Mumbai 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 35 AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme of Children of the World (India) Trust, 401, Arun Chambers. 4th Floor, Tardeo, Mumbai-400034 for land development, construction, furnishing and equipments/medicines of Vishwabalak Kendra at Nerul, Mumbai at the estimated cost of rupees one hundred nineteen lakh and seventy two thousand only as an eligible project or scheme for a further period of two assessment years commencing from assessment year 1998- 99 i.e. 1998-99, 1999-2000. [F. No. NC-62/97] V. K. SEHGAL, Dy. Secy.