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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.... 10 villages of Tijara and Nimrana Blocks, Alwar, Rajasthan, by PHD Rural Development Foundation as an eligible project or scheme Income Tax Notification No. 236/2003 Dated 29^th 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 6^th June, 1996, issued under sub-section (1) read with clause (b....

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.... scheme is likely to extend beyond seven 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 two years; Now, therefore, the Central Government, in exercise of the powers....