S.O. 565(E) : Notification: S. O. 565(E) Date of Issue: 7/7/1998

Notification: S. O. 565(E) Date of Issue: 7/7/1998

Notification: S. O. 565(E)

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

Statute: INCOME TAX

Date of Issue: 7/7/1998

Whereas by notification Number S. O. 878(E), dated 30th November, 1992, 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 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 homeopathic clinics; (iv) Phuleswar Project: Recurring expenses for running a primary school and two homeopathic clinics; (v) Amta Project: Construction of a building for primary school and medical clinic of Manav Seva Pratisthan, 14, Princep Street, Calcutta-700 072, as an eligible project or scheme for a period of three years beginning with assessment year 1993-94 which was extended for a further period of three years beginning with assessment year 1996-97 by notification Number S. O. 602(E), dated 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 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 (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 homeopathic clinics; (iv) Phuleswar Project: Recurring expenses for running a primary school and two homeopathic clinics; (v) Amta Project: Construction of a building for primary school and medical clinic of Manav Seva Pratisthan, 14, Princep Street, Calcutta-700 072, without change in the approved cost as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1999-2000.

[No. 10640/F. No. NC-50/98]