Exemption for 'Integrated Rural Development through health and medical services by SEWA-Rural (Society for Education, Welfare and Action-Rural), at District Bharuch' u/s 35AC - SO 1297(E) - Income Tax

Exemption for 'Integrated Rural Development through health and medical services by SEWA-Rural (Society for Education, Welfare and Action-Rural), at District Bharuch' u/s 35AC Notification No. SO 1297(E) [F. No. NC-274/08/2008], dated 4-6-2008 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 228(E), dated the March 17, 1994, issued under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had notified at serial number 6, 'Integrated Rural Development through health and medical services for rural poor and tribals, vocational training to tribals and rural poor between age 15 to 35 years for poverty alleviation, income generation activities for development of woman, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low cost houses' by SEWA-Rural (Society for Education, Welfare and Action-Rural), At Post Office Jhagadia, District Bharuch-393 110, as an eligible project or scheme for a period of three years beginning with assessment year 1994-95, which was extended further vide notification number SO 403(E), dated the June 6, 1996 for a period of three years beginning with assessment year 1997-98 which was extended further vide notification-number SO 748(E), dated the September 10, 1999 for a period of three years beginning with assessment year 2000-01 which was extended further vide notification number SO 986(E), dated the September 10, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide notification number SO 508(E), dated April 4, 2006 for period of three years beginning with financial year 2005-06. And whereas by notification number SO 986(E) dated the September 10, 2002 the estimated cost was enhanced from Rs. 418.50 lakh to Rs. 518.50 lakh including a corpus fund of Rs. 100 lakh; And whereas the said project or scheme is likely to extend beyond fifteen years; And, whereas, the National Committee for the 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 extending 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 notifies the scheme or project 'Integrated Rural Development through health and medical services for rural poor and tribals, vocational training to tribals and rural poor between age 15 to 35 years for poverty alleviation, income generation activities for development of woman, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low cost houses' being carried out by SEWA-Rural (Society for Education, Welfare and Action-Rural), At Post Office Jhagadia, District Bharuch-393 110, without any change in the approved cost of Rs. 518.50 lakh including a corpus fund of Rs. 100 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.