Exemption u/s 35AC - Central Government had specified for the running of multifarious rural welfare projects in health care, education, sports, cultural activities etc by Shri Sadguru Seva Sangh Trust, Mumbai, as an eligible project or scheme - 11515 - Income Tax

Exemption u/s 35AC - Central Government had specified for the running of multifarious rural welfare projects in health care, education, sports, cultural activities etc by Shri Sadguru Seva Sangh Trust, Mumbai, as an eligible project or scheme NOTIFICATION NO. 11515 DATED 21-9-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 862(E), dated the 12th December, 1997 [published at (1997) 143 CTR (St) 300], 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 10 the running of multifarious rural welfare projects in health care, education, sports, cultural activities etc., in Jankikund, Chitrakoot, District Satna and Anantpur, District Vidisha, Madhya Pradesh, by Shri Sadguru Seva Sangh Trust, Mafatlal House, Backbay Reclamation, Mumbai, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999; 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 subrule (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 running of multifarious rural welfare projects in health care, education, sports, cultural activities etc., in Jankikund, Chitrakoot, District Satna and Anantpur, District Vidisha, Madhya Pradesh, which is being carried out by Shri Sadguru Seva Sangh Trust, Mafatlal House, Backbay Reclamation, Mumbai, at the estimated cost of rupees seven hundred lakhs as corpus fund only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-73/2000]