Exemption u/s 35AC - Approves the integrated rural development project at District Pune, Maharashtra of Jankidevi Bajaj Gram Vikas Sanstha, 55/4, University Road, Aundh, Pune as an eligible project or scheme - S.O.293(E) - Income Tax

Exemption u/s 35AC - Approves the integrated rural development project at District Pune, Maharashtra of Jankidevi Bajaj Gram Vikas Sanstha, 55/4, University Road, Aundh, Pune as an eligible project or scheme NOTIFICATION NO. S.O.293 ( E ) DATED 4-4-1995 Whereas by Notification No. S.O. 878(E), dated 30th November, 1992, issued under clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified, at serial number 3, the integrated rural development project at District Pune, Maharashtra of Jankidevi Bajaj Gram Vikas Sanstha, 55/4, University Road, Aundh, Pune-411 007 as an eligible project or scheme 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 project or scheme for a further period of three years ; Now, therefore, the Central Government in exercise of the powers conferred by clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961, hereby specifies the Integrated Rural Development Project at District Pune, Maharashtra of Jankidevi Bajaj Gram Vikas Sanstha, 55/4, University Road, Aundh, Pune-411 007 at the estimated cost of rupees one crore eighteen lakhs as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9741/F. No. NC-4/95]