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

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..... acilities, purchase of equipments-materials by Valluvar Gurukulam, Chennai, as an eligible project or scheme NOTIFICATION NO. S.O.543(E) DATED 20-6-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 549(E), dated the 2nd July, 19982, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 196.1 (43 of 1961), the Central Governm .....

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..... h clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction of building for school with all facilities, purchase of equipments-materials at Tambaram, Chennai, which is being carried out by Valluvar Gurukulam, 74, G. S. T. Road, Tambaram, Chennai-45, at the estimated cost of rupees one crore twenty three lakhs plus .....

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