Exemption u/s 35AC - Central Government had specified for construction of four hostels and development of ashramsalas at Amravati, Hatru, Harisal and Achalpur of Shree Hanuman Vyayam Prasarak Mandal, Hanuman Vyayamnagar, Maharashtra as an eligible project or scheme - S. O. 684(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of four hostels and development of ashramsalas at Amravati, Hatru, Harisal and Achalpur of Shree Hanuman Vyayam Prasarak Mandal, Hanuman Vyayamnagar, Maharashtra as an eligible project or scheme NOTIFICATION NO. S. O. 684 ( E ) DATED 11-8-1998 Whereas by Notification Number S. O. 973(E), dated 14th December, 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 12, construction of four hostels and development of ashramsalas at Amravati, Hatru, Harisal and Achalpur of Shree Hanuman Vyayam Prasarak Mandal, Hanuman Vyayamnagar, Amravati-444 605, Maharashtra, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97; 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 of four hostels and development of ashramsalas at Amravati, Hatru, Harisal and Achalpur of Shree Hanuman Vyayam Prasarak Mandal, Hanuman Vyayamnagar, Amravati-444 605, Maharashtra, at the estimated cost of rupees one hundred ninety-three lakhs fourteen thousand only as an eligible project or scheme for a further period of three assessment years commencing from assessment year 1999-2000. [No. 10665/F. No. NC-80/98]