Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction, of buildings for High School and Hostel for Girls at Vadi, Mangrol, District Surat, Gujarat by Zarpan Nasarpur Vibhag Kelvani Mandal Vadi - 313/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction, of buildings for High School and Hostel for Girls at Vadi, Mangrol, District Surat, Gujarat by Zarpan Nasarpur Vibhag Kelvani Mandal Vadi Notification No. 313 of 2002 Dated 24th Oct., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 591(E) dated the 20th August, 1997, 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 5, for Construction, of buildings for High School and Hostel for Girls at Vadi, Mangrol, District Surat, Gujarat by Zarpan Nasarpur Vibhag Kelvani Mandal Vadi, Post Vadi, Taluka Mangrol, District-Surat, Via Kosamba (RS), Gujarat as an eligible project or scheme for a period of three years beginning, with assessment year 1998-99; 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 Construction of buildings for High School and Hostel for Girls at Vadi, Mangrol, District Surat, Gujarat which is being carried out by Zarpan Nasarpur Vibhag Kelvani Mandal Vadi, Post-Vadi, Taluka Mangrol, District-Surat, Via: Kosamba (RS), Gujarat at the estimated cost of rupees sixty nine lakhs and fifty-four thousand only as an eligible project or scheme for a further period of three years commencing from assessment year 2001-2002. [F.No,NC-90/2002]