Exemption u/s 35AC - Central Govt. 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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..... l Govt. 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 Income Tax Notification No.155 /2004 Dated 1st June, 2004 Whereas by notification of the Government of India in the Ministry of Finan .....

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..... ; And, whereas, the National Committee for the Promotion of Social and Economic Welfare being satisfied that the said 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 enhancement of the approved cost of the project (corpus fund) from Rs. 1063.00 lakhs to Rs.7242.0 .....

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..... 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. 8372.62 lakhs including a corpus fund of Rs. 7242 lakhs." and (ii) in column 4, relating to the maximum amount of cost to be allowed as deduction under section 35AC, for the existing entry the following entr .....

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