Section 35AC of the Income-tax Act, 1961, specified the scheme or project by Dalmia Shiksha Pratisthan, New Delhi, for a period of three years - 243/2006 - Income Tax

Exemption under section 35AC of the Income-tax Act, 1961, Central Govt. had specified Construction and running of school (including cost of Vehicles) in thirty village of Sundergarh District, Orissa by Dalmia Shiksha Pratisthan NOTIFICATION NO. 243/2006, DATED 4-9-2006 S.O. 1425(E) Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 92(E), dated the 7th February, 1997, 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 6, for Construction and running of school (including cost of Vehicles) in thirty village of Sundergarh District, Orissa by Dalmia Shiksha Pratisthan, 4 Scindia House, New Delhi-10000 as an eligible project or scheme for a period of three years beginning with Assessment Year 1997-98 which was extended further vide Notification Number S.O. 309(E), dated the 11th May, for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O. 864(E), dated the 14th August, 2002 for a period of three years beginning with Assessment Year 2003-04 And whereas the' said project or scheme is likely to extend beyond nine 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 Construction and running of school (including cost of vehicles) in thirty villages of Sundergarh District, Orissa which is being carried out by Dalmia Shiksha Pratisthan, 4 Scindia House, New Delhi-110001, without any change in the approved cost of Rs.25.06 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/2/2006]