Exemption u/s 35AC - Central Government had specified for setting up of common effluent treatment plant at MIDC, Industrial Area, Taloja, of Taloja CETP Co-operative Society Limited, Maharashtra, as an eligible project or scheme

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....ecified for setting up of common effluent treatment plant at MIDC, Industrial Area, Taloja, of Taloja CETP Co-operative Society Limited, Maharashtra, as an eligible project or scheme NOTIFICATION NO. S. O. 215(E)  DATED 1-4-1999 Whereas by Notification No. S. O. 193(E), dated 14th March, 1996, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the....

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