Exemption u/s 35AC(b) – Amendment in Notification No. S.O.54 (E) dated the 16th January, 1998 project of Rural development project at Vinayapuram, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinayapuram. Rajasthan - 107/2004 - Income Tax

Exemption u/s 35AC(b) - Amendment in Notification No. S.O.54 (E) dated the 16th January, 1998 project of Rural development project at Vinayapuram, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinayapuram. Rajasthan Notification No. 107 of 2004, dt. 19th Mar., 2004 S.O. 374(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.54 (E) dated the 16 th January, 1998, 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 13, for Rural development project- construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dinning hall, meditation hall, administrative block at Vinayapuram, District - Bhilwara, Rajasthan, by Anuvrat Gram Bharti Sansthan, Vinayapuram. P.O. Chankshed, Tehsil -- Mandal, District - Bhilwara, Rajasthan, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 and which was extended further vide notification number S.O.159 (E) dated the 23 rd February, 2000 as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002; 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 of Rural development project - construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dinning hall, meditation hall, administrative block at Vinayapuram, District - Bhilwara, Rajasthan, which is being carried out by Anuvrat Gram Bharti Sansthan, Vinayapuram. P.O. Chankshed, Tehsil - Mandal. District -Bhilwara, Rajasthan at the estimated cost of rupees sixty lakhs only, as an eligible project or scheme for a further period of three years commencing from the financial year 2003-2004. F.No. NC-348/2003