Exemption u/s 35 AC - Central Government specified the equipments, furnishing and running of special education centres for spastic children by Spastics Society of Tamil Nadu as an eligible project or scheme - S.O. 1146(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 11132 New Delhi, the 18 November, 1999 S.O. 1146(E).- Whereas by notification of the Government of India in the Ministry of Finance number S.O. 388(E) dated the 19th May. 1997. issued under clause (b) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 15 equipments, furnishing and running of special education centres for spastic children at urban centres of SPASTN in Tamilnadu by the Spastics Society of Tamil Nadu. Centre for Special Education. Opposite T.T.T.I . Taramani Road, Chennai , as an eligible project or scheme for a period of two years beginning with assessment year 1998-99 And whereas the said project or scheme is likely to extend beyond two 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 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 of equipments, furnishing and running of special education centres for spastic children at urban centres of SPASTN in Tamil Nadu, which is being carried out by the Spastics Society of Tamil Nadu. Centre for Special Education. Opposite T.T.T.I , Taramani Road. Chennai. at the estimated cost of rupees sixty five lakhs sixty seven thousand only, as an eligible project of scheme for a further period of three years beginning with assessment year 2000-2001 [F. No. NC-93/99] POMELA B. PRASAD. Director (National Committee )