Exemption u/s 35AC - Central Government had specified, the Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra at Talasari area, Thane District, Maharashtra of Vanvasi Kalyan Kendra, Bombay as an eligible project or scheme - S.O.296(E) - Income Tax

Exemption u/s 35AC - Central Government had specified, the Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra at Talasari area, Thane District, Maharashtra of Vanvasi Kalyan Kendra, Bombay as an eligible project or scheme NOTIFICATION NO. S.O.296 ( E ) DATED 4-4-1995 Whereas by Notification No. S.O. 15(E), dated 11th January, 1994, 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 4, the Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra at Talasari area, Thane District, Maharashtra of Vanvasi Kalyan Kendra, 36, Piroja Mansion, Opposite Grant Road Station (E), Bombay-400 007, as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1994-95 ; And whereas the said project or scheme is likely to extend beyond two 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 two 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 Priyadarshini Girls Hostel, Vanvasi Kalyan Kendra at Talasari area, Thane District, Maharashtra of Vanvasi Kalyan Kendra, 36, Piroja Mansion, Opposite Grant Road Station (E), Bombay-400 007, at the estimated cost of rupees fifty-three lakhs as an eligible project or scheme for a further period of two assessment years commencing from the assessment year 1996-97. [No. 9744/F. No. NC-4/95]