Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of Bal Ganga Mahavidyalaya at Sandul, Kemer, Tehri Garhwal, Uttar Pradesh of Bal Ganga Shiksha Prasar Samiti, Kemera (Kemer), Uttar Pradesh as an eligible project or scheme - S. O. 404(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of Bal Ganga Mahavidyalaya at Sandul, Kemer, Tehri Garhwal, Uttar Pradesh of Bal Ganga Shiksha Prasar Samiti, Kemera (Kemer), Uttar Pradesh as an eligible project or scheme NOTIFICATION NO. S. O. 404 ( E ) DATED 15-5-1998 Whereas by Notification Number S. O. 20(E), dated 6th January, 1995, 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 at serial number 8, construction, furnishing and running of Bal Ganga Mahavidyalaya at Sandul, Kemer, Tehri Garhwal, Uttar Pradesh of Bal Ganga Shiksha Prasar Samiti, Kemera (Kemer), P. O. Silyara, via. Ghansali, Tehri Garhwal, Uttar Pradesh as an eligible project or scheme for a period of three years beginning with the assessment year 1995-96; 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 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 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 or project of construction, furnishing and running of Bal Ganga Shiksha Prasar Samiti, Kemera (Kemer), P. O. Silyara, via Ghansali, Tehri Garhwal, Uttar Pradesh, at the estimated cost of rupees one hundred forty nine lakhs ninety three thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1998-1999. [No. 10588/F. No. NC-29/98]