864(E) : Notification: 864(E) Date of Issue: 21/9/2000

Notification: 864(E) Date of Issue: 21/9/2000

Notification: 864(E)

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

Statute: INCOME TAX

Date of Issue: 21/9/2000

Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 116(E), dated 23rd February, 1995, issued under 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 13, the construction of buildings under Phase-II, Programme and maintenance and administrative expenditure on nine institutions under Sai Baba Seva Dham for co-ordinating successful implementation of Rural Development Programme at village, Kanhe, Taluka Maval (Bombay-Pune Road), by Radha Kaliandas Daryanani Charitable Trust, 521, Commerce House, 140, Nagindas Master Road, Fort Bombay, as an eligible project or scheme for a period of three years beginning with the assessment year 1995-96 which was extended further vide Notification No. S. O. 396(E), dated 19th May, 1997, for a period of three years beginning with assessment year 1998-99 and also restricting the project only for maintenance of nine institutions ;

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 maintenance and administrative expenditure on nine institutions under Sai Baba Seva Dham for coordinating successful implementation of Rural Development Programme at village, Kanhe, Taluka Maval (Bombay-Pune Road), which is being carried out by Radha Kailandas Daryanani Charitable Trust, 521, Commerce House, 140, Nagindas Master Road, Fort, Bombay, at the estimated cost of rupees ninety nine lakhs only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2001-2002.

[No. 11504/F. No. NC-73/2000]