Exemption u/s 35AC - Central Government had specified for literacy project of running 1066 one-teacher schools in 1066 tribal villages of West Bengal, by Friends of Tribals Society, Calcutta as an eligible project or scheme - S.O. 749(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for literacy project of running 1066 one-teacher schools in 1066 tribal villages of West Bengal, by Friends of Tribals Society, Calcutta as an eligible project or scheme NOTIFICATION NO. 11069 DATED 10-9-1999 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 193(E) dated the 14th March, 1996 [published at (1996) 131 CTR (St) 37], 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 literacy project of running 1066 one-teacher schools in 1066 tribal villages of West Bengal, by Friends of Tribals Society, 52 Zakaria Street, Calcutta-700 073 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 literacy project of running 1066 one-teacher schools in 1066 tribal villages of West Bengal, which is being carried out by Friends of Tribals Society, 52 Zakaria Street, Calcutta-700 073, at the estimated cost of rupees two crores thirty-nine lakhs 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]