Notified under 35AC (b) of the Income tax Act, 1961 for Construction of High School at Block No.l38/A, Village: Dioli, Taluk - Idar, District Sabarkantha, Gujarat - 113/2004 - Income Tax

Notified under 35AC (b) of the Income tax Act, 1961 for Construction of High School at Block No.l38/A, Village: Dioli, Taluk - Idar, District Sabarkantha, Gujarat Notification No. 113 of 2004, dt. 19th Mar., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.180 (E) dated the 10 th March, 1997, issued under 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 5, for Construction of High School at Block No.l38/A, Village: Dioli, Taluk - Idar, District Sabarkantha, Gujarat, by Shri Navchetan Education Trust, P.O. Diyoli, Taluk Idar, District Sabarkantha, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 and which was extended further vide notification number S.O.753(E) dated the 10 th September, 1999 as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond six years; And whereas the National Committee for Promotion of Social and Economic Welfare, 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 High School at Block No 138/A. Village: Dioli, Taluk - Idar, District Sabarkantha, Gujarat, which is being carried out by Shri Navchetan Education Trust, P.O.Diyoli, Taluk Idar, District Sabarkantha, Gujarat at the estimated cost of rupees twenty six lakhs only, as an eligible project or scheme for a further period of three years commencing from the financial year 2002-2003, F. No. NC-348/2003