Exemption u/s 35AC - Central Government had specified for Rural development project---construction of buildings for primary school, women and child welfare centre, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Rajasthan, as an eligible project or scheme - 11245 - Income Tax

Exemption u/s 35AC - Central Government had specified for Rural development project---construction of buildings for primary school, women and child welfare centre, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Rajasthan, as an eligible project or scheme NOTIFICATION NO. 11245 DATED 23-2-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 54(E) dated the 16th January, 1998, [published at (1998) 144 CTR (St) 40], 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 13, Rural development project---construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dining hall, meditation hall, administrative block at Vinaypuram, District-Bhilwara, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Tehsil-Mandal, District-Bhilwara, Rajasthan, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99. 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 rural development project—construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dining hall, meditation hall, administrative block at Vinaypuram, District-Bhilwara, Rajasthan, which is being carried out by Anuvrat Gram Bharti Sansthan, Vinaypuram, P. O. Chankshed, Tehsil—Mandal, District-Bhilwara, Rajasthan, at the estimated cost of rupees sixty lakhs only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002. [F No. NC-159/99]