Exemption u/s 35AC - Central Government had specified for running of school for mentally retarded children at Sabarkantha, North Gujarat and Dungarpur District of Rajasthan, by Sabarkantha Charitable Trust, Himmat Nagar(Gujarat), as an eligible project or scheme - S.O.925(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for running of school for mentally retarded children at Sabarkantha, North Gujarat and Dungarpur District of Rajasthan, by Sabarkantha Charitable Trust, Himmat Nagar( Gujarat ), as an eligible project or scheme NOTIFICATION NO. S.O.925(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S. O. 839(E), dated the 22nd November, 1994*, as amended by S. O. 743(E), dated the 10th September, 1999**, 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 7, for running of school for mentally retarded children at Sabarkantha, North Gujarat and Dungarpur District of Rajasthan, by Sabarkantha Charitable Trust, C/o. Dr. Navin Modi, Psychiatrist, Avkar Hospial, Khodiyar Complex, Dr. Gandhi Road, Himmat Nagar-383 001 (Gujarat), as an eligible project or scheme for a period of one year beginning with the assessment year 1995-1996 which was extended further vide Notification No. S. O. 825(E), dated the 29th September, 1995***, for a period of three years beginning with the assessment year 1996-1997 and S. O. 865(E), dated 12th September, 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 seven 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 running of school for mentally retarded children at Sabarkantha, North Gujarat and Dungarpur District of Rajasthan, which is being carried out by Sabarkantha Charitable Trust, C/o. Dr. Navin Modi, Psychiatrist, Avkar Hospial, Khodiyar Complex, Dr. Gandhi Road, Himmat Nagar-383 001 (Gujarat), at the estimated cost of rupees twenty seven lakhs sixty thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2002-2003. [No. 296-2001-F. No. N.C-83-2001]