Exemption u/s 35AC - at serial number 15, "a. Higher Education Complex; b. Hostel; c. Residential Accommodation; d. Agricultural Development; e. Animal husbandary and others" by Lokniketan - Ratanpur, At. P.O. Lokniketan - Ratanpur, Taukah. Palanpur, District Banaskantha, Gujarat, as an eligible pro - 72/2009 - Income Tax

Exemption u/s 35AC - at serial number 15, "a. Higher Education Complex; b. Hostel; c. Residential Accommodation; d. Agricultural Development; e. Animal husbandary and others" by Lokniketan - Ratanpur, At. P.O. Lokniketan - Ratanpur, Taukah. Palanpur, District Banaskantha, Gujarat, as an eligible project or scheme Notification No. 72/2009 Dated 6-8-2009 S.O. 2034(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.998(E), dated the 5th July, 2006, issued under clause (b) of the Explanation to section 35AC , of the Income-tax Act, 1961 (43 of 1961) , the Central Government had notified at serial number 15, "a. Higher Education Complex; b. Hostel; c. Residential Accommodation; d. Agricultural Development; e. Animal husbandary and others" by Lokniketan - Ratanpur, At. P.O. Lokniketan - Ratanpur, Taukah. Palanpur, District Banaskantha, Gujarat - 385001, as an eligible project or scheme for a period of three years beginning with financial year 2006-07; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee for Promotion of Social and Economic Welfare, 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 notifies the scheme or project "a. Higher Education Complex; b. Hostel; c. Residential Accommodation; d. Agricultural Development; e. Animal husbandary and others'' being carried out by Lokniketan -Ratanpur, At. P.O. Lokniketan - Ratanpur, Taluka. Palanpur, District Banaskantha, Gujarat - 385001, without any change in the approved cost of Rs.25.25 crores, as an eligible project or scheme for a further period of three years beginning with financial year 2009-10 i.e. 2009-10, 2010-11 and 2011-12. [No. 72/2009/F. No. 274/12/2009-NC]