Exemption u/s 35 AC - Central Government had specified for construction and furnishing of sports complex building at village Memnagar, of the Ahmedabad Government Employees Tennis Association, Gujarat Tennis Academy, Ahmedabad as an eligible project or scheme

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....or construction and furnishing of sports complex building at village Memnagar, of the Ahmedabad Government Employees Tennis Association, Gujarat Tennis Academy, Ahmedabad as an eligible project or scheme NOTIFICATION NO. S.O. 915(E) DATED 29-12-1997 Whereas by Notification Number S. O. 521(E), dated the 14th July, 1994, issued under sub-section (1) read with clause (b) of Explanation to secti....

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....aid 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 Explanation to section 35AC of the Income-tax Act, 1961 (43 o....