Exemption u/s 35AC - Central Government had specified for help-assistance to patients for medical aid, education, foodgrains, by Jivan Jyot Charitable Trust, Mumbai, as an eligible project or scheme - S.O.549(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for help-assistance to patients for medical aid, education, foodgrains, by Jivan Jyot Charitable Trust, Mumbai, as an eligible project or scheme NOTIFICATION NO. S.O.549(E) DATED 20-6-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 832(E), dated the 18th September, 19982, as amended by S.O. 222(E), dated the 1st April, 19991, issued under 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 3, for help-assistance to patients for medical aid, education, foodgrains, by Jivan Jyot Charitable Trust, Thakkar House, 19D, Pushtikar Society, Road No. 4, Jogeshwari (W), Mumbai-400102, as an eligible project or scheme for a period of three years beginning with the assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee has, 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 help-assistance to patients for medical aid, education, foodgrains, which is being carried out by Jivan Jyot Charitable Trust, Thakkar House, 19D, Pushtikar Society, Road No. 4, Jogeshwari (W), Mumbai-400102, at the estimated cost of rupees one hundred lakhs including a corpus fund of rupees twenty five lakhs only, as an eligible project or scheme for a further period of three years beginning with the assessment year 2002-2003. [No. 163-2001-F. No. N.C. 61-2001