Exemption u/s 35AC - Central Government had specified for Research and Rehabilitation Centre for the Deaf of Delhi Association of the Deaf, Regd. Office New Delhi as an eligible project or scheme - S. O. 437(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Research and Rehabilitation Centre for the Deaf of Delhi Association of the Deaf, Regd. Office New Delhi as an eligible project or scheme NOTIFICATION NO. S. O. 437 ( E ) DATED 20-5-1998 Whereas by Notification Number S. O. 878(E), dated 30th November, 1992, 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 4, Research and Rehabilitation Centre for the Deaf of Delhi Association of the Deaf, Regd. Office 92, Kamla Market, New Delhi-110 002, as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended for further period of three years, i.e., assessment years 1996-97, 1997-98 and 1998-99, vide S. O. No. 404(E), dated 3rd May, 1995; And whereas the said project or scheme is likely to extend beyond six 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 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 Research and Rehabilitation Centre for the Deaf of Delhi Association of the Deaf, Regd. Office 92, Kamla Market, New Delhi-110 002, at the estimated cost of rupees one crore only as an eligible project or scheme for a further period of three assessment years commencing from the assessment years 1999-2000. [No. 10613/F. No. NC-29/98]