Notification:
11353
Section(s) Referred:
s. 35AC(b) ,r. 11M(5) ,s. 35AC(1)(b)
Statute:
INCOME TAX
Date of Issue:
26/4/2000
Whereas by notification of the Government of India in the Ministry of Finance
Number
S.O. 413(E), dated the 7th June, 1996 [published at (1996) 133 CTR (St) 18] issued under
clause (b) to the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961),
the Central Government had specified at serial number I, Construction and running of
sports centre at Agra, by Lala Ram Gupta Charitable Trust, 4341, Vijay Nagar Colony,
Agra-282004, as an eligible project or scheme for a period of three years beginning with
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) to the Explanation to section 35AC of the Income-tax
Act, 1961 (43 of 1961), hereby specifies the scheme or project of Construction and
running of sports centre at Agra, which is being carried out by Lala Ram Gupta
Charitable Trust, 4341, Vijay Nagar Colony, Agra-282004, at the estimated cost of
rupees one crore fifty-five lakhs only, as an eligible project or scheme for a further period
of three years beginning with assessment year 2000-2001.
[F. No. NC-14-2000]