Notification:
S. O. 309(E)
Section(s) Referred:
s. 35AC
Statute:
INCOME TAX
Date of Issue:
11/5/1999
Whereas by notification of the Government of India in the Ministry of Finance
No. S.O.
92(E), dated 7th February, 1997, issued under sub-section (1) read with 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 6---Construction of running of school
(including cost of vehicles) in thirty villages of Sundergarh District, Orissa, of Dalmia
Shiksha Pratisthan, 4, Scindia House, New Delhi-1, 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 project or scheme of construction of running
of school (including cost of vehicles) in thirty villages of Sundergarh District, Orissa,
which are being carried out by Dalmia Shiksha Pratisthan, 4, Scindia House, New Delhi-1, at the estimated
cost of rupees twenty-five lakhs six thousand as an eligible project or
scheme for a further period of three assessment years commencing from the assessment
year 2000-2001.
[No. 10905/F. No. NC-39/99]