Exemption u/s 35AC - Central Government had specified, the construction of and provision of furniture in Sharadabai Pawar Vidhya Niketan Primary and Pre-primary and Secondary School at Sharadanagar in Baramati, Pune as an eligible project or scheme - S.O.578(E) - Income Tax

Exemption u/s 35AC - Central Government had specified, the construction of and provision of furniture in Sharadabai Pawar Vidhya Niketan Primary and Pre-primary and Secondary School at Sharadanagar in Baramati, Pune as an eligible project or scheme NOTIFICATION NO. S.O.578 ( E ) DATED 27-6-1995 Whereas by notification, vide 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 serail number 10, the construction of and provision of furniture in Sharadabai Pawar Vidhya Niketan Primary and Pre-primary and Secondary School at Sharadanagar in Baramati, Pune of Baramati Agricultural Development Trust at Sharadanagar-Malegaon, Tal. Baramati, District Pune, Maharashtra, as an eligible project or scheme for a period of two assessment years commencing from the assessment year 1994-95 ; And whereas, the said project or scheme is likely to extned 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 (43 of 1961) hereby specifies the construction of and provision of furniture in Sharadabai Pawar Vidhya Niketan Primary and Pre-primary and Secondary School at Sharadanagar in Baramati, District Pune, which is being carried out by Baramati Agricultural Development Trust, Baramati, Sharadanagar (Malegaon), Taluk Baramati, District Pune, Maharashtra, as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1996-97. [No. 9797/F. No. NC-44/95]