U/s 35AC - Specifies the scheme or project which is being carried out by Murleidhor Jalan Foundation, Calcutta, West Bengal - S.O. 482(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10139 New Delhi, the 5 th July, 1996 S.O.482(E).- Whereas by notification vide S.O.228(E) dated 17th March, 1994 issued under sub-section (i) 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 12, the Integrated Rural Development Project comprising construction of twenty five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tube wells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium, likely to cost 417.74 lakhs as an eligible project or scheme for a period of three years commencing from the assessment year 1994-95. And whereas the said project or scheme is likely to extend beyond three 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 three 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 the Integrated Rural Development Project comprising construction of twenty five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tubewells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium, which is being carried out by Murleidhor Jalan Foundation, Calcutta, West Bengal as an eligible project or scheme at an estimated cost of 417.74 lakhs for a further period of three assessment years i.e. Assessment years 1997-98, 1998-99 and 1999-2000. [F. No. NC-92/96] V.K. SEHGAL, Dy. Secy.