Exemption u/s 35AC - Central Government had specified for Construction of dwelling units for the rural poor and Health Education of Ramakrishna Mission Belur Math as an eligible projects or schemes - S.O.181(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of dwelling units for the rural poor and Health Education of Ramakrishna Mission Belur Math as an eligible projects or schemes NOTIFICATION NO. S.O.181 ( E ) DATED 9-3-1995 Whereas by Notification No. S.O. 711(E), dated 5th September, 1992, issued under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 6, the ( i ) Construction of dwelling units for the rural poor ; and ( ii ) Mobile Medical Services and Health Education of Ramakrishna Mission Belur Math, District Howrah, West Bengal- 711 202, as eligible projects or schemes for a period of three assessment years commencing from the assessment year 1993-94 ; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee has, 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 projects or schemes for a further period of three years ; Now, therefore, the Central Government in exercise of the powers conferred by clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961, hereby specifies the ( i ) Construction of dwelling units for the rural poor at Hooghly at the estimated cost of Rs. 50 lakhs, and ( ii ) providing Mobile Medical Services and Health Education at Bankura District at the estimated cost of Rs. 15 lakhs by the Ramakrishna Mission Belur Math, District Howrah, West Bengal-711 202, as eligible projects or schemes for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9717/F. No. NC-155/94.]