Exemption u/s 35AC - Central Government had specified for recurring expenses for running of Saraswati Vidya Mandir Residential High School for tribals with vocational training centre at village Ratnapur, Bihar of Bharatiya Shikshan Avam Shodh Parishad, Bihar as an eligible project or scheme - S. O. 833(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for recurring expenses for running of Saraswati Vidya Mandir Residential High School for tribals with vocational training centre at village Ratnapur, Bihar of Bharatiya Shikshan Avam Shodh Parishad, Bihar as an eligible project or scheme NOTIFICATION NO. S. O. 833 ( E ) DATED 18-9-1998 Whereas by Notification Number S. O. 471(E), dated the 26th 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 15, recurring expenses for running of Saraswati Vidya Mandir Residential High School for tribals with vocational training centre at village Ratnapur, P. O. and Police Station Tundi, District Dhanbad, Bihar of Bharatiya Shikshan Avam Shodh Parishad, Jyoti Bhavan, Kasturba Gandhi Ashram, Govindpur, District Dhanbad, Bihar, as an eligible project or scheme for a period of three years beginning with the 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 scheme or project of recurring expenses for running of Saraswati Vidya Mandir Residential High School for tribals with vocational training centre at Village Ratnapur, P. O. and Police Station Tundi, District Dhanbad, Bihar of Bharatiya Shikshan Avam Shodh Parishad, Jyoti Bhavan, Kusturba Gandhi Ashram, Govindpur, District Dhanbad, Bihar, at the estimated cost of rupees sixty-six lakhs seventy-five thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10699/F. No. NC-92/98]