U/s. 35AC, IT ACT, 1961 - Approved Tarun Sangha as an eligible project or scheme - S.O.523(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION DATED 14-7-1994 S.O.523(E) - 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), the Central Government on the recommendation of the National Committee, hereby approves the Tarun Sangha, an institution specified in column 2 against serial number 7 of the Table in notification of Government of India, Ministry of Finance, (Department at Revenue) Number S.Q. 216(E) dated 30th March, 1993 for a further period of one year in relation to assessment year 1995-96 for carrying out the eligible project and scheme at the estimated cost as mentioned against it in the corresponding column 3 of the Table in the said notification and amends the said notification as follows, namely :- In the aforesaid notification, after the Table, for the last paragraph beginning with the words This notification shall remain in force and ending with the words and figures serial numbers 10 and 14. , the following paragraph shall be substituted, namely :- This notification shall remain in force for a period of two years in relation to assessment year 1993-94 and 1994-95 in respect of projects mentioned at serial numbers 1, 9, 12, 13 and 15 and for a period of three years in relation to assessment years 1993-94, 1994-95 and 1995-96 in respect of projects mentioned at serial numbers 2, 3, 4, 5, 6, 7, 8, 11 and 14; and for a period of three years in relation to assessment years 1994-95, 1995-96 and 1996-97 in respect of project mentioned at serial number 10.