Exemption u/s 35AC - Central Government had specified for Area Development Project; Rural Area Development Project, Medical and Health Programme at Karlapakkam, by the Society for Social Education and Research, the Madras School of Social Work (MSSW), as an eligible project or scheme - S.O. 742(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Area Development Project; Rural Area Development Project, Medical and Health Programme at Karlapakkam, by the Society for Social Education and Research, the Madras School of Social Work (MSSW), as an eligible project or scheme NOTIFICATION NO. 11062 DATED 10-9-1999 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 180(E) dated the 10th March, 1997 [published at (1997) 138 CTR (St) 205], 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 20; ( a ) Area Development Project; ( b ) Rural Area Development Project---Medical and Health Programme at Karlapakkam, Chengai---MCR district, Tamilnadu, by the Society for Social Education and Research, the Madras School of Social Work (MSSW), 32, Casa Major Road, Egmore, Chennai, Tamilnadu, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 : 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 two 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 ) Area Development Project; ( b ) Rural Area Development Project---Medical and Health Programme at Karlapakkam, Chengai---MCR district, Tamilnadu, which are being carried out by the Society for Social Education and Research, the Madras School of Social Work (MSSW), 32, Casa Major Road, Egmore, Chennai, Tamilnadu, at the estimated cost of rupees thirty-one lakhs thirty-four thousand only as an eligible project or scheme for a further period of two years commencing from the assessment year 2000-2001. [F. No. NC-91/99]