Exemption u/s 35AC - Central Government had specified for School Adoption Scheme and Balwadi Project, by The Bombay Community Public Trust, Mumbai, as an eligible project or scheme - 11303 - Income Tax

Exemption u/s 35AC - Central Government had specified for School Adoption Scheme and Balwadi Project, by The Bombay Community Public Trust, Mumbai, as an eligible project or scheme NOTIFICATION NO. 11303 DATED 29-3-2000 S.O.303(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 388(E) dated the 19th May, 1997 [published at (1997) 140 CTR (St) 1] 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 23, School Adoption Scheme and Balwadi Project at Mumbai, Maharashtra, by The Bombay Community Public Trust, Regent Chamber, 5th Floor, Nariman Point, Mumbai, 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 School Adoption Scheme and Balwadi Project at Mumbai, Maharashtra, which is being carried out by The Bombay Community Public Trust, Regent Chamber, 5th Floor, Nariman Point, Mumbai, at the estimated cost of rupees three crore only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002.