Exemption u/s 35AC - Central Government had specified the construction and running of Sri Ramakrishna Vivekananda Higher Secondary School Tamil Nadu as an eligible project or scheme - S. O. 566(E) - Income Tax

Exemption u/s 35AC - Central Government had specified the construction and running of Sri Ramakrishna Vivekananda Higher Secondary School Tamil Nadu as an eligible project or scheme NOTIFICATION NO. S. O. 566 ( E ) DATED 7-7-1998 Whereas by notification Number S. O. 402(E), dated 3rd May, 1995, 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 7, ( a ) construction and running of Sri Ramakrishna Vivekananda Higher Secondary School; ( b ) Construction and running of Manickavasagam High School at Pandipathram Post, Abudayarkoil Taluk, Pudukottai Dist., Tamil Nadu; and ( c ) Recurring expenses for running of above two schools of Sri Ramakrishna Tapovanam, Post Box No. 1, P. O. Tirupparithurai, Tiruchirapalli, Tamil Nadu, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97; And whereas the said project or scheme is likely to extend beyond three 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 ( a ) construction and running of Sri Ramakrishna Vivekananda Higher Secondary School; ( b ) Construction and running of Manickavasagam High School at Pandipathram Post, Abudayarkoil Taluk, Pudukottai Dist., Tamil Nadu; and ( c ) Recurring expenses for running of above two schools of Sri Ramakrishna Tapovanam, Post Box No. 1, P. O. Tirupparithurai, Tiruchirapalli, Tamil Nadu, without change in the approved cost as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1999-2000. [No. 10641/F. No. NC-50/98]