Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of school/hospital buildings, residential quarters, development of roads, etc. by Rashtrotthana Parishat as an eligible project or scheme

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..... hospital buildings, residential quarters, development of roads, etc. by Rashtrotthana Parishat as an eligible project or scheme NOTIFICATION NO. 101/2006, DATED 4-4-2006 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.523(E) dated the 9 th May, 2003, issued under sub-section (1) read with clause ( b ) of the Explanation .....

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..... ax 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 for Construction of school/hospital buildings, residential quarters, .....

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