Exemption u/s 35AC - Central Government had specified regarding project at 10 villages of Tijara and Nimrana Blocks, Alwar, Rajasthan, by PHD Rural Development Foundation as an eligible project or scheme

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.... Alwar, Rajasthan, by PHD Rural Development Foundation as an eligible project or scheme Income Tax Notification No. 236/2003 Dated 29th September, 2003 Whereas by notification of the Government, of India in the Ministry of Finance (Department of Revenue) number S.0.399(E) dated the 6th June, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income....

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.... 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 two years; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of t....