Exemption u/s 35AC - Central Government had specified for Construction, furnishing, equipments/materials and running of home for girls, primary school, vocational training centre and health clinic, West Bengal, by Pranab Kanya Sangha as an eligible project or scheme - 151/2005- S.O. 715(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction, furnishing, equipments/materials and running of home for girls, primary school, vocational training centre and health clinic, West Bengal, by Pranab Kanya Sangha as an eligible project or scheme NOTIFICATION No. 151/2005, Dated 25-5-2005 S.O. 715(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.180(E) dated the 10 th March, 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 19, for Construction, furnishing, equipments/materials and running of home for girls, primary school, vocational training centre and health clinic at Kora-Chandigarh, Madyamgram, Hridayapur, 24 Parganas, West Bengal, by Pranab Kanya Sangha, P.O. Hridaypur, Pin-743204, District North 24 Parganas, West Bengal, as an eligible project or scheme for a period of two years beginning with assessment year 1997-1998 which was extended further vide notification number S.O.215(E) dated the 16 th March, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.910(E) dated the 20 th September, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond eight 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 subsection (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for Construction, furnishing, equipments/materials and running of home for girls, primary school, vocational training centre and health clinic at Kora-Chandigarh, Madyamgram, Hridayapur, 24 Parganas, West Bengal, which is being carried out by Pranab Kanya Sangha, P.O. Hridaypur, Pin-743204, District North 24 Parganas, West Bengal, without any change in the approved cost i.e. ₹ 44.67 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F.No. NC-270/11/2005]