10918 : Notification: 10918 Date of Issue: 11/5/1999

Notification: 10918 Date of Issue: 11/5/1999

Notification: 10918

Section(s) Referred: s. 35AC(1)(b) ,r. 11M(5)

Statute: INCOME TAX

Date of Issue: 11/5/1999

Whereas by notification of the Government of India in the Ministry of Finance number S.O. 228(E), dated the 17th March, 1994 [published at (1994) 117 CTR (St) 238], 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 12---Integrated Rural Development project comprising construction of twenty-five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tubewells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium, of Murleidhor Jalan Foundation, 25, Ballygunge Circular Road, Calcutta-700019, as an eligible project or scheme for a period of three years beginning with assessment year 1994-95 which was further extended vide S.O. 482(E), dated 5th July, 1996 by a period of three more years commencing from assessment year 1997-98 ;

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 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 Integrated Rural Development project comprising construction of twenty-five primary schools, ten community centres, one vocational training centre at Dibrugarh, one hundred old age homes, one hundred tubewells, five health centres, mobile dispensaries, road construction, one hundred dwelling units for poor, one hundred low-cost latrines and first phase of sports stadium, which are being carried out by Murleidhor Jalan Foundation, 25, Ballygunge Circular Road, Calcutta---700019, at the estimated cost of rupees four crore seventeen lakhs seventy-four thousand only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 2000-2001].

[F. No. NC-39/99]