Exemption u/s 35AC - Central Government had specified for training in agriculture and allied subjects and Rural Development Programme of Ramakrishna Mission Ashram at Morabadi, Ranchi, of Ramakrishna Mission, West Bengal, as an eligible project or scheme - S. O. 220(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for training in agriculture and allied subjects and Rural Development Programme of Ramakrishna Mission Ashram at Morabadi, Ranchi, of Ramakrishna Mission, West Bengal, as an eligible project or scheme NOTIFICATION NO. S. O. 220 ( E ) DATED 1-4-1999 Whereas by Notification No. S. O. 206(E), dated 17th March, 1997, 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 7, training in agriculture and allied subjects and Rural Development Programme of Ramakrishna Mission Ashram at Morabadi, Ranchi, Bihar, of Ramakrishna Mission, P. O. Belur Math, District Howrah, West Bengal, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98. 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 training in agriculture and allied subjects and Rural Development Programme of Ramakrishna Mission Asbram at Morabadi, Ranchi, Bihar, which is being carried out by Ramakrishna Mission, P.O. Belur Math, District Howrah, West Bengal, at the estimated cost of rupees one crore thirty lakhs five thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 2000-2001. [No. 10852/F. No. NC-1/99]