Notification:
1033(E)
Section(s) Referred:
s. 35AC(1)(b) ,r. 11M (5)
Statute:
INCOME TAX
Date of Issue:
17/11/2000
Whereas by notification of the Government of India in the Ministry of Finance
Number
S.O. 469(E), dated 2nd July, 1996, 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 5, construction of building for school, hostel, library and auditorium at
Sundarajanpatti Village, Madurai, North Taluk, Tamilnadu, by Indian Association for the
Blind, Sundarajanpatti, Arumbanoor P. O., Algarkoil Road, Madurai 625 107, as an
eligible project or scheme for a period of three years beginning with the assessment year
1997-98 ;
And whereas the said project or scheme is likely to extend beyond three
years;
And whereas the National Committee 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 a further
period of three years ;
Now, therefore, the Central Government in exercise of the powers conferred
by sub-section (1) read with 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, hostel, library and auditorium at Sundarajanpatti Village, Madurai, North
Taluk, Tamilnadu, which is being carried out by Indian Association for the Blind,
Sundarajanpatti, Arumbanoor P. O., Algarkoil Road, Madurai-625 107, at the estimated,
cost of rupees nineteen lakhs twenty-five thousand only, as an eligible project or scheme
for a further period of three years beginning with the assessment year 2000-2001.
[No. 11557/F. No. NC-88/2000]