Exemption u/s 35 AC - Central Government had specified for Mahatama Gandhi Mission for Gram Swarajya, Construction and Equipment of one hundred women and children centres in the Tribal Banwasi Bhawana of Banwasi Seva Ashram, U. P. as an eligible project or scheme - S.O. 58(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified for Mahatama Gandhi Mission for Gram Swarajya, Construction and Equipment of one hundred women and children centres in the Tribal Banwasi Bhawana of Banwasi Seva Ashram, U. P. as an eligible project or scheme NOTIFICATION NO. S.O. 58 ( E ) DATED 16-1-1998 Whereas by Notification Number S.O. 711(E), dated 25th September, 1992, 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 1, ( a ) Mahatama Gandhi Mission for Gram Swarajya (at an estimated cost of rupees six crores); ( b ) Construction and Equipment of one hundred women and children centres in the Tribal villages in the District of Sonbhadra (UP) (at an estimated cost of Rs. 1.5 crores); and ( c ) Banwasi Bhawana-Construction and Equipment of a Hostel-cum-Training centre for SC/ST and other poor students (at and estimated cost of Rs. 1.5 crores) along with other ten institutions of Banwasi Seva Ashram, Govindpur (via Turra), Sonbhadra, U. P., as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 And whereas by Notification No. S.O. 841(E), dated the 22nd November, 1994, the said project or scheme was specified as an eligible project or scheme for a further period of three years commencing from the assessment year 1996-97; And whereas the said project or scheme is likely to extend beyond six 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 three years Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of ( a ) Mahatama Gandhi Mission for Gram Swarajya (at an estimated cost of rupees six crores); ( b ) Construction and Equipment of one hundred women and children centres in the Tribal villages in the District of Sonbhadra (UP) (at an estimated cost of Rs. 1.5 crores); and ( c ) Banwasi Bhawana-Construction and Equipment of a Hostel-cum-Training centre for SC/ST and other poor students (at and estimated cost of Rs. 1.5 crores) along with other ten institutions of Banwasi Seva Ashram, Govindpur (via Turra), Sonbhadra, U. P., as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10512/F. No. NC-153/97]