Exemption u/s 35AC - Central Govt. had specified for Integrated Rural Development Project, by Jankidevi Bajaj Gram Vikash Sanstha as an eligible project or scheme - Amendment in N. No. S.0.878(E) dated the 30th November, 1992 - 187/2004- S.O.789(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Integrated Rural Development Project, by Jankidevi Bajaj Gram Vikash Sanstha as an eligible project or scheme - Amendment in N. No. S.0.878(E) dated the 30th November, 1992 Income Tax Notification No. 187/2004 Dated 5 th July, 2004 S.O. 789(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.878(E) dated the 30th November, 1992, 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 3, for Integrated Rural Development Project, by Jankidevi Bajaj Gram Vikash Sanstha, 55/4, University Road, Aundh, Pune-411007, as an eligible project or scheme for a period of three years beginning with assessment year 1993-1994, which was extended further vide notification number S.0.293(E) dated the 4th April, 1995 for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.0.438(E) dated the 20thMay, 1998 for a period of three years beginning with assessment year 1999-2000 which was amended further vide notification number S.0.319(E) dated the 11 th May, 1999 and which was extended further vide notification number S.0.1384(E) dated the 30th December,n 2002 for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond twelve 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 specifying the said project or scheme for a further period of three years and amending the project cost from ₹ 298.60 lakhs to ₹ 704.14 lakhs; 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).- (a) hereby specifies the scheme or project of Integrated Rural Development Project, by Jankidevi Bajaj Gram Vikash Sanstha, 55/4, University Road, Aundh, Pune-411007 which is being carried out by Jankidevi Bajaj Gram Vikash Sanstha, 55/4, University Road, Aundh, Pune-411007 for a period of three more years beginning with financial year 2004-2005; and (b) further amends the said notification number S.O. 878(E) dated the, 30 th November. 1992. to the following effect, namely:- In the said notification, in the Table against serial number 3, in column (4), relating to maximum cost for which allowed, for the letters, figures and word ₹ 298.60 lakhs the letters, figures and word ₹ 704-14 lakhs shall be substituted. Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004