Exemption u/s 35AC - Central Government had specified for construction of school and hostel building for adivasi girls, establishing community development centres and medical relief by Ritambhara Vishva Vidyapeeth, Bombay, as an eligible project or scheme - 284(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of school and hostel building for adivasi girls, establishing community development centres and medical relief by Ritambhara Vishva Vidyapeeth, Bombay , as an eligible project or scheme NOTIFICATION NO. 284(E) DATED 28-3-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S. O. 839(E), dated 22nd November, 19942, issued under 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, for construction of school and hostel building for adivasi girls, establishing community development centres for imparting self-employment skills to the adivasi women and medical relief at Dang district of Gujarat, by Ritambhara Vishva Vidyapeeth, 29, Doongersey Road, Malabar Hill, Bombay-400 026, as an eligible project or scheme for a period of three years beginning with the assessment year 1995-96, which was extended further vide Notification No. S. 0. 393(E), dated 19th May, 1997, for a period of three years beginning with the assessment year 1998-1999 ; And whereas the said project or scheme is likely to extend beyond six years ; And whereas the National Committee has, 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 and hostel building for adivasi girls, establishing community development centres for imparting self-employment skills to the adivasi women and medical relief at Dang district of Gujarat, which is being carried out by Ritambhara Vishva Vidyapeeth, 29, Doongersey Road, Malabar Hill, Bombay-400 026, at the estimated cost of rupees one crore seventy eight lakhs seventy seven thousand, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002. [No. 84/2001/F. No. N. C. 123/2000]