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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....oject or scheme Notification No. 64 of 2003, 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....

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....99 for a period of three years beginning with assessment 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 schem....