Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Road Safety Project at Pune, Maharashtra by Kum. Rajshree Parmar Memorial Foundation - 319/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Road Safety Project at Pune, Maharashtra by Kum. Rajshree Parmar Memorial Foundation Notification No. 319 of 2002 Dated 24th Oct, 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 739(E) dated the 10th September, 1999, 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 6, for Road Safety Project at Pune, Maharashtra by Kum. Rajshree Parmar Memorial Foundation, "Mamta", 289, Timber Market Road, Mahatma Phule Peth, Pune-411042, as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond three years; And whereas the national Committee 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 of Road Safety Project at Pune, Maharashtra which is being carried out by Kum. Rajshree Parmar Memorial Foundation, "Mamta", 289, Timber Market Road, Mahatma Phule Peth, Pune-411042, at the estimated cost of rupees thirty lakhs only as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. [F.No.NC-90/2002]