Exemption u/s 35AC - Central Govt. had specified for Literacy project of running 2890 (One Teacher Schools (OTS) at 2890 tribal areas in 6 States, by Friends of the Tribal Society as an eligible project or scheme - 195/2004- S.O.797(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Literacy project of running 2890 (One Teacher Schools (OTS) at 2890 tribal areas in 6 States, by Friends of the Tribal Society as an eligible project or scheme Notification No.195 /2004 Dated 5th July, 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.901(E) dated the 20th September, 2001, 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 13, for Literacy project of running 2890 (One Teacher Schools (OTS) at 2890 tribal areas in 6 States, by Friends of the Tribal Society, 19-Ganga Prasad Mukherjee Road, Kolkatta - 700025, at the estimated cost of rupees eight crores sixty seven lakhs only, as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond three 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 Literacy project of running 2890 One Teacher Schools (OTS) at 2890 tribal areas in 6 States, which is being carried out by Friends of the Tribal Society, 19-Ganga Prasad Mukherjee Road, Kolkatta - 700025, without any change in the approved cost, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. Sd/- (Sunil Sharma) Deputy Secretary (National Committee) File No.NC-69/2004