Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore, of Maria Seva Sangha, Bangalore as an eligible project or scheme - S. O. 317(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore , of Maria Seva Sangha, Bangalore as an eligible project or scheme NOTIFICATION NO. S. O. 317 ( E ) DATED 11-5-1999 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 469(E), dated 2nd July, 1996, 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 4---Mid-day Meal Scheme in three schools of Bangalore, of Maria Seva Sangha, Villa Maria, No. 12, Rest House Road, Bangalore-560 001, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98. The approved cost was enhanced to Rs. 2.30 lakhs to Rs. 15 lakhs, vide S. O. 260(E), dated 29th March, 1997: 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 project or scheme of Mid-day Meal Scheme in three schools of Bangalore, which are being carried out by Maria Seva Sangha, Villa Maria, No. 12, Rest House Road, Bangalore-560 001, at the estimated cost of rupees fifteen lakhs only as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 2000-2001. [No. 10913/F. No. NC-39/99]