Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Mission for Gram SwarjyaYouth for National Construction by Banwasi Seva Ashram, Govindpur (Via Turra) - 216/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Mission for Gram SwarjyaYouth for National Construction by Banwasi Seva Ashram, Govindpur (Via Turra) Notification No. 216 of 2002, dt. 14th Aug., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 711(E) dated the 25th September, 1992, 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 1, (a) Mission for Gram SwarjyaYouth for National Construction;, (b) Construction and Equipment of One Hundred Women and Children Centres in the tribal villages in the District of Sonbhadra (UP); (c) Banwasi Bhawana-Construction and Equipment of a Hostel-cum-training Centre for SC/ST and other poor students, by Banwasi Seva Ashram, Govindpur (Via Turra), Sonbhadra, U.P. as an eligible project or scheme for a period of three years beginning with assessment year 1993-1994 Which was extended further vide notification numbers S.O. 841(E) dated the 22nd November, 1994 for a period of three years beginning with assessment year 1996-97 an which was extended further vide Notification No. S.O. 58(E) dt. 16th January, 1998, for a period of three years beginning with assessment year 1999-2000; And whereas, the said project or scheme is likely to extend beyond nine years; And whereas, the National Committee, being satisfied that the said project or scheme is being executed propely 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 (a) Mission for Gram Swarjya-Youth for National Construction; (b) Construction and Equipment of One Hundred Women and Children Centres in the tribal villages in the District of Sonbhadra (UP); (c) Banwasi Bhawana-Construction and Equipment of a Hostel-cum-training Centre for SC/ST and other poor students, by Banwasi Seva Ashram, Govindpur (Via Turra), Sonbhadra, U.P. at the estimated cost of rupees Nine Crores only, as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. [F.No. NC-62/2002]