U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Dalmia Shiksha Samiti, Chirawa, Jhunjhunu - S. O. 97 (E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 10272 New Delhi, the 7 th February, 1997 S. O. 97 (E).- Whereas by notification number S.O.602 (E) dated the 12th August, 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 explanation of two school buildings i.e., Dalmia Senior Higher Secondary School and Secondary Girls Senior Higher Secondary School at Chirawa, Jhunjhunu, of the Dalmia Shiksha Samiti, Chirawa, Jhunjhunu, 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 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme of the explanation of two school buildings i.e., Dalmia Senior Higher Secondary School and Secondary Girls senior Higher Secondary School at Chirawa, District Jhunjhunu, Rajasthan, construction of Indoor Stadium-cum-Gymnastic hall, hostel, games, library, reading and vocational room, workshops and staff quarters of the Dalmia Shiksha Samiti, Chirawa, District Junjhunu, at the estimated cost of rupees one crore eighteen lakhs seventy-five thousand 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.