Exemption u/s 35AC - Central Government had specified the project or scheme for Skill training with entrepreneurship for poor drop-outs at West Bengal, by Don Bosco Self Employment Research Institute as an eligible project or scheme - 030/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified the project or scheme for Skill training with entrepreneurship for poor drop-outs at West Bengal, by Don Bosco Self Employment Research Institute as an eligible project or scheme NOTIFICATION No. 30/2005, Dated 2-2-2005 S.O. 131(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1209(E) dated the 12th December, 2001, 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 3, the project or scheme for Skill training with entrepreneurship for poor drop-outs at West Bengal, by Don Bosco Self Employment Research Institute, 120, Mirpara Road, PO Bhattanagar, Howrah-711203, at the estimated cost of rupees five crore eight five lakhs including a corpus fund of ₹ 500.00 lakhs only, as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003 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 specifies the scheme or project of for Skill training with entrepreneurship for poor drop outs at West Bengal,, which is being carried out by Don Bosco Self Employment Research Institute. 120, Mirpara Road, P.O. Bhattanagar, Howrah-711203, without change in the approved cost, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F. No. NC-270/408/2004]