Exemption u/s 35AC - Central Govt. had specified for Primary Health Project at 30 Villages of Sundergarh District of Orissa by Dalmia Bharat Seva Trust as an eligible project or scheme - 109/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Primary Health Project at 30 Villages of Sundergarh District of Orissa by Dalmia Bharat Seva Trust as an eligible project or scheme Notification No. 109 of 2004, dt. 19th Mar., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.469 (E) dated the 2 nd July, 1996, 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 12, for Primary Health Project at 30 Villages of Sundergarh District of Orissa by Dalmia Bharat Seva Trust, P.O. Rajgangapur-770017, Orissa 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.917 (E) dated the 29 th December 1997 as an eligible project or scheme for a period of two years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.502(E) dated 26 th May, 2000 for a period of three years beginning with assessment year 2001-2002 and which was amended to enhance the amount vide notification number S.O.64 (E) dated 22 nd January. 2003; And whereas the said project or scheme is likely to extend beyond seven 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 Primary Health Project at 30 Villages of Sundergarh District of Orissa, which is being carried out by Dalmia Bharat Seva Trust, P.O. Rajgangapur-770017, Orissa at the estimated cost of rupees seventeen lakhs only, as ah eligible project or scheme for a further period of three years commencing from the financial year 2003-2004. F.No. NC-348/2003