Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Tree plantation, construction of building and furnishing of ManilaCollege (Residential) at Sector-7, Gandhinagar, Gujarat by Shri Akhil Anjana Kelvani Mandal - 378/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Tree plantation, construction of building and furnishing of Manila College (Residential) at Sector-7, Gandhinagar, Gujarat by Shri Akhil Anjana Kelvani Mandal NOTIFICATION NO. 378 Dated 9th December. 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.0.676(E) dated the llih August, 1998, 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 14, for Tree plantation, construction of building and furnishing of Manila College (Residential) at Sector-7, Gandhinagar, Gujarat by Shri Akhil Anjana Kelvani Mandal, Gandhinagar, Sector-7, Opposite Central Bus Station,Gandhinagar-382007 as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000; And whereas, the said project or scheme is likely to extend beyond three years; And whereas, the National Committee, being satisfied that the 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 Tree plantation, construction of building and furnishing of Mahila College (Residential) at Sector-7, Gandhinagar, Gujarat which is being carried by Shri Akhil Anjana Kelvani Mandal, Gandhinagar, Sector-7, Opposite Central Bus Station, Gandhinagar-382007 at the estimated cost of rupees four crores ninety lakhs only, as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. Sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-113/2002