Exemption u/s 35AC - Central Government had specified for the 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. 553(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for the 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. 553 ( E ) DATED 2-7-1998 Whereas by Notification Number S. O. 711(E), dated 25th September, 1992, 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 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, B-7, Shiv Marg, Bani Park, Jaipur, as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended by a period of three more years beginning with the assessment year 1996-97 by Notification Number S. O. 575(E), dated 27th June, 1995; 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 the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of 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, B-7, Shiv Marg, Bani Park, Jaipur, without change in the approved cost as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 1063/F. No. NC-50/98]