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.