Notification:
S. O. 313(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.
180(E), dated 10th March, 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 7---Construction of Centenary Building for
Higher Secondary School, Srivilliputtur, District Kamaraj, Tamil Nadu of Srivilliputtur
Hindu High School Old Students Association, No. 11, Besant Road, Royapettah,
Chennai-600 014, 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
Centenary Building for Higher Secondary School, Srivilliputtur, District Kamaraj, Tamil
Nadu, which are being carried out by Srivilliputtur Hindu High School Old Students
Association, No. 11, Besant Road, Royapettah, Chennai-600 014, at the estimated cost of
rupees twenty-eight lakhs only as an eligible project or scheme for a further period of
three assessment years commencing from the assessment year 2000-2001.
[No. 10909/F. No. NC-39/99]