Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of building for old age home complex at Srikakulam, Andhra Pradesh, by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association) - 251/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of building for old age home complex at Srikakulam, Andhra Pradesh, by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association) Notification No. 251 of 2002 Dated 10th Sept,, 2002 S.O.975(E) - Whereas by notification of the, Government of India in the Ministry of Finance number S.O. 1140(E) dated the 18th November, 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 3, for Construction of building for old age home complex at Srikakulam, Andhra Pradesh, by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association), D.No, 7-6-44, Burravari Thota, Srikakulam, Andhra Pradesh-532 001 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 two 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 building for old age home complex at Srikakulam, Andhra Pradesh, which is being carried out by Srikakulam Voyadhikula Sangham, (Srikakulam Elders Association), D.No. 7-6-44, Burravari Thota, Srikakulam, Andhra Pradesh-532001, at the estimated cost of rupees twenty-three lakhs and ninety-three thousand only as an eligible project or scheme for a further period of two years commencing from assessment year 2003-2004. F. No. NC-80/2002]