Exemption u/s 35AC - Central Government had specified for Construction and running of sports centre, by Lala Ram Gupta Charitable Trust, Agra, as an eligible project or scheme - 11353 - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction and running of sports centre, by Lala Ram Gupta Charitable Trust, Agra , as an eligible project or scheme NOTIFICATION NO. 11353 DATED 26-4-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S.O. 413(E), dated the 7th June, 1996 [published at (1996) 133 CTR (St) 18] issued under clause ( b ) to the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number I, Construction and running of sports centre at Agra, by Lala Ram Gupta Charitable Trust, 4341, Vijay Nagar Colony, Agra-282004, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, 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 ) to the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of Construction and running of sports centre at Agra, which is being carried out by Lala Ram Gupta Charitable Trust, 4341, Vijay Nagar Colony, Agra-282004, at the estimated cost of rupees one crore fifty-five lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2000-2001. [F. No. NC-14-2000]