Exemption u/s 35AC - Central Government had specified for construction of school building at Sadatpura, Idar, Sabarkantha, Gujarat, by Rutumbhara Education & Vikas Trust, Sadatpura, Gujarat, as an eligible project or scheme - S.O. 747 (E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of school building at Sadatpura, Idar, Sabarkantha, Gujarat, by Rutumbhara Education Vikas Trust, Sadatpura, Gujarat, as an eligible project or scheme NOTIFICATION NO. 11067 DATED 10-9-1999 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 791(E) dated the 18th September, 1995 (published at (1995) 128 CTR (St) 8], 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 11, construction of school building at Sadatpura, Idar, Sabarkantha, Gujarat, by Rutumbhara Education Vikas Trust, Sadatpura, P.O. Sapawada, Tal. Idar, District Sabarkantha, Gujarat, 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 construction of school building at Sadatpura, Idar, Sabarkantha, Gujarat, which is being carried out by Rutumbhara Education Vikas Trust, Sadatpura, P.O. Sapawada, Tal, Idar. District Sabarkantha, Gujarat, at the estimated cost of rupees seventeen lakhs sixty-three thousand only as an eligible project or scheme for a further period of three years commencing from the assessment year 1999-2000. [F. No. NC-91/99]