Exemption u/s 35AC - Central govt. had specified projects of Mahatama Gandhi Mission for Gram Swarjya by Banwasi Seva Ashram as an eligible project or scheme

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..... IFICATION NO. 38/2005, DATED 2-2-2005 S.O. 139(E).Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.711(E) dated the 25th September, 1992, issued under 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, the project of scheme for (a) Mahatama .....

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..... urther vide notification number S.O.58(E) dated the 16th January, 1998 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.865(E) dated the 14th August, 2002 for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond twelve years; And whereas t .....

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..... crores); (c) Banwasi Bhawana-Construction and Equipment of a Hostel-cum-training Centre for SC/ST and other poor students (at an estimated cost of Rs. 1.5 crores), which is being carried out by Banwasi Seva Ashram, Govindpur (Via Turra), Sonbhadra, UP, without change in the approved cost as an eligible project or scheme for a further period of three years commencing from the financial year 2004-20 .....

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