Exemption u/s 35AC - Central Government had specified for construction, equipments, furnishing of Navajyoti Centre for Mentally Handicapped and a corpus fund for running centre by Association for Advancement and Rehabilitation of Handicapped (AAROH), New Delhi, as an eligible project or scheme - S.O.909(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction, equipments, furnishing of Navajyoti Centre for Mentally Handicapped and a corpus fund for running centre by Association for Advancement and Rehabilitation of Handicapped (AAROH), New Delhi, as an eligible project or scheme NOTIFICATION NO. S.O.909(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 791(E), dated the 18th September, 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 9, for construction, equipments, furnishing of Navajyoti Centre for Mentally Handicapped and a corpus fund of Rs. 30 lakhs for running centre at Pocket XI, Sector B, Vasant Kunj, New Delhi, by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasant Enclave, New Delhi-110 057, 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. 683(E), dated the 11th August, 1998, 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 (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 construction, equipments, furnishing of Navajyoti Centre for Mentally Handicapped and a corpus fund of Rs. 30 lakhs for running centre at Pocket XI, Sector B, Vasant Kunj, New Delhi 110 057, which is being carried out by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasant Enclave, New Delhi-110 057, at the estimated cost of rupees fifty one lakhs including a corpus fund of Rs. 30 lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. [No. 280-2001-F.No. N.C-83-2001]