Approves the institution "Banwasi Seva Ashram, Govindpur (via Tura), Sonbhadra, U.P u/s 35AC - S.O.841(E) - Income Tax

Approves the institution "Banwasi Seva Ashram, Govindpur (via Tura), Sonbhadra, U.P u/s 35AC NOTIFICATION NO. S.O.841 ( E ) DATED 22-11-1994 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, vide No. S.O. 711(E), dated 25th September, 1992, under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government, on the recommendations of the National Committee, specified the eligible projects and schemes of Banwasi Seva Ashram, Govindpur (via Tura), Sonbhadra, U. P., as at serial number 1, for the eligible projects and schemes for ( a ) Mahatma Gandhi Mission for Gram Swarajaya (at an estimated cost of Rs. 6 crores) ; ( b ) Construction and equipment of one hundred Women and Children Centres in the tribal villages in the District of Sonbhadra (U.P.) (at an estimated cost of Rs. 1.5 crores) ; and ( c ) Banwasi Bhawana--Construction and equipment of a Hostel-cum-Training Centre for SC/ST and other poor students (at an estimated cost of Rs. 1.5 crores) along with other ten institutions to be eligible projects for the purpose of the aforesaid clause ; And whereas the National Committee satisfied that the eligible project is being executed properly ; Now, therefore, in exercise of the powers conferred by clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), read with sub-rule (5) of rule 11M of the Income-tax Rules, 1962, on the recommendations of the National Committee, the Central Government hereby approves the institution "Banwasi Seva Ashram, Govindpur (via Tura), Sonbhadra, U.P., for the projects and schemes notified, vide No. S.O. 711(E), dated 25th September, 1992, for a further period of three years in relation to the assessment years 1996-97, 1997-98 and 1998-99. [No. 9647/F.No. NC-116/94]