U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Ambuja Cement Foundation, Calcutta - S.O. 96 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 10271 New Delhi, the 7 th February, 1997 S.O. 96 (E). - Whereas by notification Number S.O. No. 521 (E) dated the 14 th July, 1994 issued under sub-section (1)read with clause (b) of Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961). the Central Government had specified at serial number 6 .Integrated Rural Development Programme at Kodinar Taluka, Amreli District, Gujarat, of the Ambuja Cement Foundation, Calcutta 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 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 35 AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the Scheme or Project of Integrated Rural Development Programme comprising activities relating to irrigation, agriculture, animal husbandry, mobile dispensary environment conservation, non-conventional energy sources, soil conservation and desalination at Kodinar Taluka, Amreli district, Gujarat, of the Ambuja Cement Foundation, 216 A.J.C. Bose Road, Calcutta-700017 at the estimated cost of rupees seventy six lakhs forty -two thousands 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.