Exemption u/s 35AC - Central Government had specified for project for development and extension of institution of Nootan Bharti: Gram Vidyapeeth rural technical institution; by Nootan Bharti, Gujarat, as an eligible project or scheme - S.O.918(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for project for development and extension of institution of Nootan Bharti: Gram Vidyapeeth rural technical institution; by Nootan Bharti, Gujarat, as an eligible project or scheme NOTIFICATION NO. S.O.918(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 193(E), dated the 14th March, 1996, as amended by S.O. 746(E), dated the 10th September, 1999, 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 8, for project for development and extension of institution of Nootan Bharti: ( a ) Gram Vidyapeeth; ( b ) rural technical institution; ( c ) Primary Health Care Service Hospital, ICDs and Women and Children Welfare Activities; ( d ) hostel for ladies students; ( e ) hostel for backward class students; ( f ) preparation of website, preparation of floppy disk and publication of books at village Madana-Garh, Gujarat, by Nootan Bharti, Madan-Garh, Tal. Palanpur, District Banaskantha, Gujarat, 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. 434(E), dated the 20th May, 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 for development and extension of institution of Nootan Bharti: ( a ) Gram Vidyapeeth; ( b ) rural technical institution; ( c ) Primary Health Care Service Hospital, ICDs and Women and Children Welfare Activities ( d ) hostel for ladies students; ( e ) hostel for backward class students ( f ) preparation of website, preparation of floppy disk and publication of books at village Madana-Garh, Gujarat, which is being carried out by Nootan Bharti, Madan-Garh, Tal. Palanpur, District Banaskantha, Gujarat, at the estimated cost of rupees one crore ninety three lakhs fifty thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. [No. 289-2001-F.No. N.C-83-2001]