Exemption u/s 35AC - Central Government had specified, PYOH II US Aid, Construction of low-cost houses, Jaipur District Rural Health Project, Poultry raising and garment making for rural women of Jaipur Rural Health and Development Trust, Jaipur as an eligible project or scheme - S.O.575(E) - Income Tax

Exemption u/s 35AC - Central Government had specified, PYOH II US Aid, Construction of low-cost houses, Jaipur District Rural Health Project, Poultry raising and garment making for rural women of Jaipur Rural Health and Development Trust, Jaipur as an eligible project or scheme NOTIFICATION NO. S.O.575 ( E ) DATED 27-6-1995 Whereas by notification vide S. O. 711(E), dated 25th September, 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 2, the ( i ) PYOH II US Aid, ( ii ) Construction of low-cost houses, ( iii ) Jaipur District Rural Health Project, ( iv ) Poultry raising and garment making for rural women of Jaipur Rural Health and Development Trust, Jaipur, 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 of section 35AC of the Income-tax Act, 1961 (43 of 1961) hereby specifies the scheme--( i ) PYOH II US Aid, ( ii ) Construction of low-cost houses, ( iii ) Jaipur District Rural Health Project, ( iv ) Polutry Raising and Garment making for rural women which are being carried out by Jaipur Rural Health and Development Trust, B-7, Shiv Marg, Bani Park, Jaipur, without change in the approved cost as eligible projects or schemes for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9794/F. No. NC-44/95]