Exemption u/s 35AC - Central Government had specified for Construction of building for school with all facilities, purchase of equipments/materials at Tambaram, Chennai, by Valluvar Gurukulam, Chennai, as an eligible project or scheme

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..... of building for school with all facilities, purchase of equipments/materials at Tambaram, Chennai, by Valluvar Gurukulam, Chennai, as an eligible project or scheme NOTIFICATION No. 150/2005, Dated 25-5-2005 S.O. 714(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.549(E) dated the 2nd July, 1998, issued under sub section (1) r .....

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..... 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 subsection (1) read with clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby .....

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