Exemption u/s 35AC - Central Government had specified for Adivasi Tribal area health care, nutrition and educational development projects at Vansada Taluka of Bulsar of Bhartiya Sewa Trust, Ahmedabad as an eligible project or scheme - S. O. 423(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Adivasi Tribal area health care, nutrition and educational development projects at Vansada Taluka of Bulsar of Bhartiya Sewa Trust, Ahmedabad as an eligible project or scheme NOTIFICATION NO. S. O. 423 ( E ) DATED 19-5-1998 Whereas by Notification Number S. O. 469(E), dated 2nd July, 1996, issued under sub-section (1) read with 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 11, Adivasi Tribal area health care, nutrition and educational development projects at Vansada Taluka of Bulsar District and Vijayanagar, Taluka of Sambarkantha District in Gujarat of Bhartiya Sewa Trust, Dr. Vanikar Samarak Bhawan, 11, Mahalaxmi Society, Paldi, Ahmedabad-380 007 as an eligible project or scheme for a period of two years beginning with the assessment year 1997-98; And whereas the said project or scheme is likely to extend beyond two 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 the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Adivasi Tribal area health care, nutrition and educational development projects at Vansada Taluka of Bulsar District and Vijayanagar, Taluka of Sambarkantha District in Gujarat of Bhartiya Sewa Trust, Dr. Vanikar Samarak Bhawan, 11, Mahalaxmi Society, Paldi, Ahmedabad-380 007, at the estimated cost of rupees twenty lakhs fifty four thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10600/F. No. NC-29/98]