U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Shivanand Mission, Gujarat - S.O. 414(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) Notification No. 10118 Dated 07/06/1996 S.O. 414(E) - WHEREAS by notification vide S.O. 521(E), dated 14th July, 1994 issued under sub-section (1) read with clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the scheme at serial number 7-(a) free eye camps at local villages of Saurashtra and Gujarat; (b) Mobile Services Health Education surrounding Virnagar, Rajkot; (c) Hostel for ladies at Virnagar; and (d) Construction of low-cost latrines in 15 villages of Rajkot, by Shivanand Mission, Gujarat, as an eligible project or scheme for a period of two years commencing from the assessment year 1995-96; 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 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 two years; NOW, THEREFORE, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby specifies the scheme of (a) free eye camps at local villages of Saurashtra and Gujarat; (b) Mobile Services Health Education surrounding Virnagar, Rajkot; (c) Hostel for ladies at Virnagar; and (d) Construction of low-cost latrines in 15 villages of Rajkot, which are being carried out by Shivanand Mission, Gujarat, without change in the approved cost as an eligible project or scheme for a further period of two assessment years, i.e., assessment years 1997-98 and 1998-99.