Exemption u/s 35AC - Central Government had specified for rural development project-construction of buildings for primary school, women and child welfare centre by Anuvrat Gram Bharti Sansthan, Rajasthan, as an eligible project or scheme - S.O. 159(E) - 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 by Anuvrat Gram Bharti Sansthan, Rajasthan, as an eligible project or scheme NOTIFICATION NO. S.O. 159(E) 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, 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 the assessment year 1998-99. And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committe 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 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. [No. 11245/F. No. NC-159/99]