Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of free school and hostel for destitute and rural blind children and community kitchen and dinning hall for inmates by Navjeevan Blind Relief Centre (Regd.), Rural, as an eligible project or scheme - S.0.911(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of free school and hostel for destitute and rural blind children and community kitchen and dinning hall for inmates by Navjeevan Blind Relief Centre (Regd.), Rural, as an eligible project or scheme NOTIFICATION NO. S.0.911(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 471(E), dated the 26th May, 1995, 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 1, for ( a ) construction, furnishing and running of free school and hostel for destitute and rural blind children; ( b ) construction, furnishing and running of a rural Geriatric Block for 50 destitutes; ( c ) primary health centre for rural poor and children; and ( d ) community kitchen and dinning hall for inmates at Tiruchanur village, Tirupati Rural, Andhra Pradesh, by Navjeevan Blind Relief Centre (Regd.), 2-21A, Saptagiri Ashram, Tiruchanur, Village and Post Tirupati Rural-517 503, as an eligible project or scheme for a period of three years beginning with the assessment year 1996-1997 which was extended further vide Notification No. S.O. 700(E), dated 3rd October, 1997, 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 six 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 (1) 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 ( a ) construction, furnishing and running of free school and hostel for destitute and rural blind children; ( b ) construction, furnishing and running of a rural Geriatric Block for 50 destitutes; ( c ) primary health centre for rural poor and children; and ( d ) community kitchen and dinning hall for inmates at Tiruchanur village, Tirupati Rural, Andhra Pradesh, which is being carried out by Navjeevan Blind Relief Centre (Regd.), 2-21A, Saptagiri Ashram, Tiruchanur, Village and Post Tirupati Rural-517 503, at the estimated cost of rupees one crore ten thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. [No. 282-2001-F.No. N.C-83-2001]