10640 : Notification: 10640 Date of Issue: 7/7/1998

Notification: 10640 Date of Issue: 7/7/1998

Notification: 10640

Section(s) Referred: 35AC

Statute: INCOME TAX

Date of Issue: 7/7/1998

Whereas by Notification Number S.O.878(E),dated the 30th November, 1992 issued under sub-section(1), read with clause(b) of the Explanation to section 35AC of the Incom-tax Act,1961(43 of 1961), the Central Government had specified at serial number 1,the (i) Gopali Project:Construction of a students' hostel at Gopali Ashram and installation of water facilities at Village Gopali near Indian Institute of Technology(Kharagpur);(ii)Jalaberia Project; Construction of a students' hostel building and training and self-employment activity;(iii)Krishnanagar Project; Recurring expenses for running a primary school and two homoeopathic clinics;(iv)Phuleswar Project:Recurring expenses for running a primary school and two homoeopathic clinics;(v)Amta Project:Construction of a building for primary school and medial clinic of Manav Seva Pratisthan, 14,Princep Street, Calcutta-700072 as an eligible project or scheme for a period of three years beginning with assessment year 1993-94 which extended for a furthur period of three years beginning with assessment year 1996-97 by Notification Number S.O.602(E), dated the 30th June,1995;

AND WHEREAS the said project or scheme is likely to extend beyond six years;

AND WHEREAS the National Committee, being satisfied that the said project or scheme is being executed properly,made a furthur recommendation under sub-rule(5) of rule 11M of the Income-tax Rules,1962 for specifying the said project or scheme for a furthur 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 the(i)Gopali Project: Construction of a students' hostel at Gopali Ashram and Installation of water facilities at Village Gopali near Indian Institute of Technology(Kharagpur);(ii)Jalaberia Project;Construction of a students' hostel building and training and self-employment activity;(iii)Krishnanagar Project: Recurring expenses for running a primary school and two homoeopathic clinics;(iv)Phileswar Project:Recurring expenses for running a primary school and two homoeopathic clinics;(v)Amta Project: Construction of a building for primary school and medical clinic of Manav Seva Pratisthan,14,Princep Streect,Calcutta-700072,without change in the approved cost as an eligible project or scheme for a furthur period of three assessment years commencing from assessment year 1999-2000