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Exemption u/s 35AC - Central Government had specified for Setting up and running of vocational training centres for computer courses and tailoring classes at 45 centres by Sterlite Foundation as an eligible project or scheme - Amendment in N. No. S.O. 54(E) dated the 16th January, 1998

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..... ernment had specified for Setting up and running of vocational training centres for computer courses and tailoring classes at 45 centres by Sterlite Foundation as an eligible project or scheme - Amendment in N. No. S.O. 54(E) dated the 16th January, 1998 Notification No. 18 of 2003, dt. 22nd Jan., 2003 Where as by notification of the Government of India in the Ministry of Finance (Department of .....

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..... ittee, being satisfied that the 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 further amending the approved cost from Rs. 1,201.60 lakhs including a corpus fund of Rs. 1,063.00 lakhs to Rs. 2,193.62 lakhs including a corpus fund of Rs. 1,063.00 lakhs and setting .....

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..... the existing entry, the following entry shall be substituted, namely : "Setting up and running of vocational training centres for computer courses and tailoring classes at 386 centres at the estimated cost of Rs. 2,193.62 lakhs including a corpus fund of Rs. 1,063.00 lakhs". (ii) in column (14) relating to the maximum amount of cost to be allowed as deduction under section 35AC, for the exist .....

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