U/s 35AC : Specifies the schemes or projects - S.O. 602(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 9801 New Delhi, the 30th June, 1995 S.O. 602(E) - Whereas by notification vide S.O. 878(E), dated 30-11-1992 issued under clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 1, the- (i) Gopali Project: Construction of a students' hostel at Gopali Ashram and installation of water facilities at Village Gopali near Indian Institute of Technology, Kharagpur; (ii) Jalaberia Project: Construction of a students' hostel building and training self-employment activities; (iii) Krishnanagar Project: Recurring expenses for running a primary school and two homoeopathic clinics; (iv) Phuleswar Project: Recurring expenses for running a primary school and two homoeopathic clinics; and (v) Amta Project: Construction of a building for primary school and medical clinic of Manav Seva Pratishthan, 14, Princep Street, Calcutta-700072 as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1993-94; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee has, 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 following schemes - (i) Gopali Project: Construction of a students' hostel at Gopali Ashram and installation of Water facilities at Village Gopali near Indian Institute of Technology, Kharagpur; (ii) Jalaberia Project: Construction of a students' hostel building and training self-employment activities; (iii) Krishnanagar Project: Recurring expenses for running a primary school and two homoeopathic clinics; (iv) Phuleswar Project: Recurring expenses for running a primary school and two homoeopathic clinics; and (v) Amta Project: Construction of a building for primary school and medical clinic which are being carried out by Manav Seva Pratishthan, 14, Princep Street, Calcutta-700072 without change in the approved cost as eligible projects or schemes for a further period of three assessment years commencing from the assessment year 1996-97. [ F. No. NC-44/95 ] V.K. SEHGAL, Dy. Secy