409E : Notification: S. O. 409(E) Date of Issue: 15/5/1998

Notification: S. O. 409(E) Date of Issue: 15/5/1998

Notification: S. O. 409(E)

Section(s) Referred: s. 35AC(1)

Statute: INCOME TAX

Date of Issue: 15/5/1998

Whereas by Notification Number S. O. 216(E), dated 30th March, 1993, 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 3, technical educational project for women, comprising an Industrial Training Institute and a Polytechnic at Village Shirgaon, near Ratnagiri, Maharashtra, for women from economically weaker sections of Maharshi Karve Stree Shikshan Sanstha, Karve Nagar, Pune-411 052 as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended for a period of three more years, i.e., assessment years 1996-97, 1997-98 and 1998-99 vide S. O. No. 723(E), dated 17th August, 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 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 technical educational project for women, comprising an Industrial Training Institute and a Polytechnic at Village Shirgaon, near Ratnagiri, Maharashtra, for women from economically weaker sections of Maharshi Karve Stree Shikshan Sanstha, Karve Nagar, Pune-411 052, at the estimated cost of rupees one hundred seven lakhs sixty five thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000.

[No. 10593/F. No. NC-29/98]