Exemption u/s 35AC - Central Government had specified for promotion of watershed development in Konkan region and integrated development of villages in Panvel and Pen talukas of District Raigad, Maharashtra, by Yusuf Meharally Centre, Mumbai, as an eligible project or scheme

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..... pecified for promotion of watershed development in Konkan region and integrated development of villages in Panvel and Pen talukas of District Raigad, Maharashtra, by Yusuf Meharally Centre, Mumbai, as an eligible project or scheme NOTIFICATION NO. 505(E) DATED 26-5-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 602(E), dated 12th August, 1993, i .....

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..... heme 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), h .....

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