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Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Promotion of watershed development in Konkan region and integrated development of villages in Panvel at Maharashtra, by Yusuf Meharally Centre

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....come-tax Act, 1961, the Central Government had specified for Promotion of watershed development in Konkan region and integrated development of villages in Panvel at Maharashtra, by Yusuf Meharally Centre   Notification No. 260 of 2002 Dated 10th Sept. 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 602(E) dated the 12th August, 1993, issu....

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....g 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 scheme for a further period of three years; ....