Exemption u/s 35AC - Central Government had specified for the running of Training Institute and Training Workshop at Zerewede, Pune, by Society for Service to Voluntary Agencies, ShardagramPark, Pune, as an eligible project or scheme - 11511 - Income Tax

Exemption u/s 35AC - Central Government had specified for the running of Training Institute and Training Workshop at Zerewede, Pune, by Society for Service to Voluntary Agencies, Shardagram Park , Pune, as an eligible project or scheme NOTIFICATION NO. 11511 DATED 21-9-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 422(E), dated the 19th May, 1998 [published at (1998) 147 CTR (St) 2], issued under clause ( b ) of the Explanation to section 35AC, of the Incometax Act, 1961 (43 of 1961), the Central Government had specified at serial number 3 the running of Training Institute and Training Workshop at Zerewede, Pune, by Society for Service to Voluntary Agencies, Shardagram Park, 'A' Wing, 3rd Floor, Near Jehangir Nursing Home, Pune 411001, as an eligible project or scheme for a period of one year in relation to assessment year 1999-2000 which was extended further vide notification number S.O. 751(E), dated the 10th September, 1999 [published at (1999) 156 CTR (St) 10] for a period of one year in relation to assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond two years; And whereas the National Committee, being satisfied that the said project or scheme is being executed properly, made a further recommendation under subrule (5) of rule 11M of the Income-tax Rules, 1962 for specifying the said project or scheme for a further period of two 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 running of Training Institute and Training Workshop at Zerewede, Pune, which is being carried out by Society for Service to Voluntary Agencies, Shardagram Park, 'A' Wing, 3rd Floor, Near Jehangir Nursing Home, Pune 411001, at the estimated cost of rupees sixty lakhs only, as an eligible project or scheme for a further period of two years beginning with assessment year 2001-2002. [F. No. NC-73/2000]