Exemption u/s 35AC - Central Govt. had specified the scheme or project of training and rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queens Mary's Technical Institute Pune as an eligible project or scheme - 10642 - Income Tax

Exemption u/s 35AC - Central Govt. had specified the scheme or project of training and rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queens Mary's Technical Institute Pune as an eligible project or scheme NOTIFICATION NO. 10642 DATED 7-7-1998 AND WHEREAS the said project or scheme is likely to extend beyond five years; AND WHEREAS the National Commitee , being satisfied that the said project or scheme is being executed properly, made a further recommendation under sub-rule(5 of rule11M) 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 training and rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queens Mary's Technical Institute for Disabled soldiers, Kirkee, Range Hills, Pune-411020, at the estimated cost of rupees twenty-five lakhs only as an eligible project or scheme for a further period of three assessment years commencing from 1999-2000