NOTIFICATION NO. 301/2006, DATED 26-10-2006
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 461(E), dated the 5th April, 2004, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 10, for (a) Western India Rainfed farming project, (b) Eastern India Rainfed farming project by Gramin Vikas Trust, 49-50, Red Cross House, Nehru Place, New Delhi-110019 as an eligible project or scheme for a period of three years beginning with financial year 2003-04;
And whereas the said project or scheme is likely to extend beyond three years;
And whereas the National Committee for Promotion of Social and Economic Welfare, 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;
Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for (a) Western India Rainfed farming project, (b) Eastern India Rain fed farming project which is being carried out by Gramin Vikas Trust, 49-50, Red Cross House, Nehru Place, New Delhi-110019, without any change m the approved cost of Rs. 9.60 crores (including a corpus fund of Rupees 5 crores), an eligible project or scheme for a further period of three years commencing from the financial year 2006-07.
[F. No. NC-274/03/2006
