Exemption u/s 35AC - Central Government had specified water harvesting structures, afforestation, horticulture, irrigation and employment generation project in Kachchh area, Gujarat, for the rural poor of Vivekanand Research and Training Institute, Gujarat as an eligible project or scheme - S.O.295(E) - Income Tax

Exemption u/s 35AC - Central Government had specified water harvesting structures, afforestation, horticulture, irrigation and employment generation project in Kachchh area, Gujarat, for the rural poor of Vivekanand Research and Training Institute, Gujarat as an eligible project or scheme NOTIFICATION NO. S.O.295 ( E ) DATED 4-4-1995 Whereas by Notification No. S. O. 216(E), dated 30th March, 1993, issued under clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 6 the water harvesting structures, integrated water management, afforestation, horticulture, irrigation and employment generation project in Kachchh area, Gujarat, for the rural poor of Vivekanand Research and Training Institute, Mandvi, Kachchh-370 465, Gujarat, as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1993-94 ; And, whereas the said project or scheme is likely to extend beyond three years ; And whereas the National Committee has, 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 clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961, hereby specifies the water harvesting structures, integrated water management, afforestation, horticulture, irrigation and employment generation project in Kachchh area, Gujarat, for the rural poor of Vivekanand Research and Training Institute, Mandvi, Kachchh-370 465, Gujarat, at the estimated cost of rupees five crores sixty-four lakhs forty thousand, as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9743/F. No. NC-4/95]