Exemption u/s 35AC - Central Government had specified for construction, furnishing, equipments-materials and running of home for girls, primary school, vocational training centre and health clinic by Pranab Kanya Sangha, West Bengal, as an eligible project or scheme - S.O.910(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, furnishing, equipments-materials and running of home for girls, primary school, vocational training centre and health clinic by Pranab Kanya Sangha, West Bengal , as an eligible project or scheme NOTIFICATION NO. S.O.910(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 180(E), dated the 10th March, 1997, 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 19, for construction, furnishing, equipments-materials and running of home for girls, primary school, vocational training centre and health clinic at Kora-Chandigarh, Madyamgram, Hridayapur, 24 Parganas, West Bengal, by Pranab Kanya Sangha, P.O. Hridayapur, Pin-743 204, District North 24 Parganas, West Bengal, as an eligible project or scheme for a period of two years beginning with the assessment year 1997-1998 which was extended further vide Notification No. S.O. 215(E), dated the 16th March, 1998, for a period of three years beginning with the assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond five 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, furnishing, equipments-materials and running of home for girls, primary school, vocational training centre and health clinic at Kora-Chandigarh, Madyamgram, Hridayapur, 24 Parganas, West Bengal, which is being carried out by Pranab Kanya Sangha, P.O. Hridayapur, Pin-743204, District North 24 Parganas, West Bengal, at the estimated cost of rupees forty four lakhs sixty seven thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. [No. 281-2001-F.No. N.C-83-2001]