Exemption u/s 35AC - C. G had specified for Integrated Rural Development Project by Murleidhor Jalan Foundation as an eligible project or scheme

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....dt. 31st March, 2003 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 228(E) dated the 17th March, 1994 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 12, for Integrated Rural Development Project comp....

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....ssment year 2000-2001; And whereas the 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, theref....