Exemption u/s 35AC - Central Govt. had specified the project of scheme for construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat, by Shri Apang Abhyudaya Mandal as an eligible project or scheme - 180/2004- S.O.782(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified the project of scheme for construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat, by Shri Apang Abhyudaya Mandal as an eligible project or scheme Notification No. 180/2004 Dated 5 th July, 2004 S.O.782(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.549(E) dated the 2 nd July, 1998, issued under sub-section (1) of, 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 10, the project of scheme for construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat, by Shri Apang Abhyudaya Mandal, Sola Gandhinagar Highway, Opp. New High Court - Sola. Ahmedabad, at the estimated cost of rupees thirty two lakhs only, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 and the period was extended further vide notification number S.0.570(E). dated the 20th June 2001: 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 property, 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) of, 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 construction of building for school, hostel and residence quarters at Village Sola, Daskroi Taluk, District Ahmedabad, Gujarat, which is being carried out by Shri Apang Abhyudaya Mandal, Sola Gandhinagar Highway, Opp. New High Court-Sola, Ahmedabad, without change in the approved cost, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004