U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Queen Mary's Technical Institute of Disabled Soldiers, Pune - S.O. 94 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 10269 New Delhi, the 7 th February, 1997 S. O. 94 (E). - Whereas by notification number S.O. No. 729 (E) dated 29 th September, 1993 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 at serial number 2, the training and rehabilitation of disabled soldiers at Kirkee, Pune, of the Queen Mary s Technical Institute for disabled soldiers, Pune, 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 being executed properly, made a further recommendation under sub-rule (5) of rule 11 M 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 or project of the training and rehabilitation of disabled soldiers at Kirkee Range Hills, Pune, of the Queen Mary s Technical Institute for disabled Soldiers, Kirkee Range Hills, Pune-41 1020, at the estimated cost of rupees twenty five lakhs only as an eligible project or scheme for a further period of two assessment years, commencing from assessment year 1997-98. [F. No. NC-114/96] V. K. SEHGAL, Dy. Secy.