Exemption u/s 35AC - Central Government had specified for Training and Rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queen Mary's Technical Institute for Disabled Soldiers, Kirkee, Range Hills, Pune as an eligible project or scheme - S. O. 567(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Training and Rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queen Mary's Technical Institute for Disabled Soldiers, Kirkee, Range Hills, Pune as an eligible project or scheme NOTIFICATION NO. S. O. 567 ( E ) DATED 7-7-1998 Whereas by notification Number S. O. 729(E), dated 29th September, 1993, 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, Training and Rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queen Mary's Technical Institute for Disabled Soldiers, Kirkee, Range Hills, Pune-411 020, as an eligible project or scheme for a period of three years beginning with assessment year 1994-95 which was extended by two more years beginning with assessment year 1997-98 by notification Number S.O. 94(E), dated 7th February, 1997; And whereas the said project or scheme is likely to extend beyond five 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 Training and Rehabilitation of disabled soldiers at Kirkee, Range Hills, Pune of Queen Mary's Technical Institute for Disabled Soldiers, Kirkee, Range Hills, Pune-411 020, 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 assessment year 1999-2000. [No. 10642/F. No. NC-50/98]