Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of school building (Phase-II) of Children Welfare Centre at Yari Road, Versova, Mumbai, by Children Welfare Centre - 255/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of school building (Phase-II) of Children Welfare Centre at Yari Road, Versova, Mumbai, by Children Welfare Centre Notification No. 255 of 2002 Dated 10th Sept., 2002 S.O. No. 976(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 366(E) dated the 10th April, 2000, 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 school building (Phase-II) of Children Welfare Centre at Yari Road, Versova, Mumbai, by Children Welfare Centre, 2nd Buddha Lane, Versova, Mumbai-400061 as air 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 Construction of school building (Phase-II) of Children Welfare Centre at Yari Road, Versova, Mumbai, which is being carried out by Children Welfare Centre, 2nd Buddha Lane, Versova, Mumbai-400061, at the estimated cost of rupee,, two crores twenty-seven lakhs and fifty nine thousand only as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. F. No. NC-80/2002]