Exemption u/s 35 AC - Central Government had specified for Mata Gujari Old Age Home at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council, New Delhi as an eligible project or scheme - S.O.219(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified for Mata Gujari Old Age Home at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council, New Delhi as an eligible project or scheme NOTIFICATION NO. S.O.219 ( E ) DATED 19-3-1996 Whereas by notification, vide S. O. No. 224(E), dated 16th March, 1996, issued under sub-section (1) read with clause ( b ) of the Explanatation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the scheme at Sl. No. 12, Mata Gujari Old Age Home at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council, New Delhi, as an eligible project or scheme for a period of three assessment years commencing from the assessment year 1996-95 ; And whereas the said project or scheme is likely to extend beyond three years ; And whereas the National Committee being satisfied that the said project or scheme is 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 year ; 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 of Mata Gujari Old Age Home at Village Khanpur, District Ropar, Punjab, which are being carried out by Nishkam Sikh Welfare Council, New Delhi, at the estimated cost of rupees sixty-seven lakhs eighty-five thousand only as an eligible project or scheme for a further period of one assessment year in relation to the assessment year 1997-98. [No. 10023/F. No. NC-15/96]