Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Tribal Welfare Project - construction of building , Ashram complex, residential quarters, water tank etc. at Gangpur, Gujarat by Bharat Sevashram Sangha - 122/2007 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Tribal Welfare Project - construction of building , Ashram complex, residential quarters, water tank etc. at Gangpur, Gujarat by Bharat Sevashram Sangha NOTIFICATION NO. 122/2007, DATED 29-3-2007 S.O. 485 (E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 28(E), dated the 10 th January, 2001, issued under sub-section (1) read with 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 2, for Tribal Welfare Project - construction of building for dispensary, schools, hostel, small scale industries, technical training/vocational training institute, cultural hall, Ashram complex, residential quarters, water tank etc. at Gangpur, District Navsari, Gujarat by Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-700019, as an eligible project or scheme for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O. 897(E), dated the 5 th August, 2003 for a period of three years beginning with assessment year 2004-05 ; AND WHEREAS the said project or scheme is likely to extend beyond six 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 specifies the scheme or project for Tribal Welfare Project - construction of building for dispensary, schools, hostel, small scale industries, technical training/vocational training institute, cultural hall, Ashram complex, residential quarters, water tank etc. at Gangpur, District Navsari, Gujarat, which is being carried out by Bharat Sevashram Sangha, 211, Rash Behari Avenue, Calcutta-700019, without any change in the approved cost of ₹ 277 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F.No.NC-274/3/2007]