Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for rural development project construction of buildings for primary school at Vinayapuram, District-Bhilwara, Rajasthan, by Anuvrat Gram Bharti Sansthan - 013/2007 [F.No. NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for rural development project construction of buildings for primary school at Vinayapuram, District-Bhilwara, Rajasthan, by Anuvrat Gram Bharti Sansthan Notification No. 13/2007 [F.No. NC-274/03/2007], dated 16-7-2007 S.O.1157(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 54(E) dated the 16th January, 1998, 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 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 dining 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 1998-99 which was extended further vide notification number S.O. 159(E) dated the 23rd February, 2000 for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O. 374(E) dated the 19th March, 2004 for a period of three years beginning with financial 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 Rural development project construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dining 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, without any change in the approved cost of ₹ 60.00 lakhs, as an eligible project or scheme for a further period of three years beginning with financial year 2006-07.