Exemption u/s 35 AC - Central Government had specified the Integrated Rural Development through health and medical services to rural poor and tribals by SEWA Rural (Society for Education, Welfare and Action-Rural), District Bharuch as an eligible project or scheme - S.O.403(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified the Integrated Rural Development through health and medical services to rural poor and tribals by SEWA Rural (Society for Education, Welfare and Action-Rural), District Bharuch as an eligible project or scheme NOTIFICATION NO. S.O.403 ( E ) DATED 6-6-1996 Whereas by notification, vide S. O. No. 228(E), dated 17th March, 1996, 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 the scheme at serial number 6, the Integrated Rural Development through health and medical services to rural poor and tribals, vocational training to tribals and rural poor between age of 15 to 35 years for poverty alleviation, income generation activities for development of women, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low-cost houses at District Bharuch, by SEWA Rural (Society for Education, Welfare and Action-Rural), District Bharuch, as an eligible project or scheme for a period of three years commencing from the assessment year 1996-95 ; And whereas the said project or scheme is likely to extend beyond three years ; And whereas the National Committee being satisfied that the said project or scheme is 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 of Integrated Rural Development through health and medical services to rural poor and tribals, vocational training to tribals and rural poor between age of 15 to 35 years for poverty alleviation, income generation activities for development of women, promotion of gramodyog (cottage industries) for poverty alleviation and help to rural poor for constructing low-cost houses at District Bharuch, which are being carried out by SEWA Rural (Society for Education, Welfare and Action-Rural), District Bharuch, at the estimated cost of rupees four crores eighteen lakhs fifty thousand only as an eligible project or scheme for a further period of three assessment years, i.e., assessment years 1997-98, 1998-99 and 1999-2000. [No. 10107/F. No. NC-73/96].