Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Integrated Rural Development Project by Jankidevi Bajaj Gram Vikash Sanstha - 409/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Integrated Rural Development Project by Jankidevi Bajaj Gram Vikash Sanstha NOTIFICATION NO. 409 Dated 30th December. 2002 SO 1384(E) - Whereas by notification of the Government of India in the Ministry of Finance. Department of Revenue. Central Board of Direct Taxes number S.0.878(E) dated the 30th November. 1992, 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 3, for Integrated Rural Development Project by Jankidevi Bajaj Gram Vikash Sanstha. 55/4 University Road. Aundh, Pune-411007 as an eligible project or scheme for a period of three years beginning with assessment year 1993-1994 which was extended further vide notification number S.0.293(E) dated 4th April, 1995 for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.0.438(E) dated 20th May, 1998 for a period of three years beginning with assessment year 1999-2000 which was amended further vide notification number S.0.319(E) dated 11th May. 1999: And whereas (he said project or scheme is likely to extend beyond nine 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 (I) 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 Integrated Rural Development Project. which is being carried out by Jankidevi Bajaj Gram Vikash Sanstha. 55/4 University Road. Aundh, Pune-411007 at the estimated cost of rupees two hundred ninety eight lakhs sixty thousand only as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. Sd/- (G. C.Srivastava) Secretary (National Committee) F.No. NC-138/2002