Notified Project u/s. 35AC of Income-tax Act, 1961 - "Manipur Shifting Cultivators' Development Association" - 366/2002 - Income Tax

Notified Project u/s. 35AC of Income-tax Act, 1961 - "Manipur Shifting Cultivators' Development Association" NOTIFICATION NO. 366 Dated 9th December. 2002 In exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendations of the National Committee, hereby approves the institutions mentioned in column (I) of the Table below and specifies the eligible projects or schemes and the estimated cost thereof as mentioned in column (2) of the said Table and also specifies in column (3) of the said Table, the maximum amount of such cost which may be allowed as deduction under the said section 35AC, namely:- TABLE Name of the Institution Project or scheme and estimated cost thereof Maximum amount of cost to be allowed as deduction under section 35AC Manipur Shifting Cultivators' Development Association, Munpi Village C/o P.B.No. 193 of Imphal GPO-795001. Manipur. Construction of Houses, Community Hall, School buildings. Hostels, Indoor Stadium, Sheds for animals, Purchase of furniture and running of rural of rural welfare Schemes for tribals of Munpi Village. Rs. 859.53 Lakhs 2. This notification shall remain in force for a period of three years in relation to assessment years 2003-2004, 2004-2005 and 2005-2006 in respect of project or scheme mentioned in the Table. F.No.101/2002 Sd/- (O.C. Srivastava) Secretary (NC)