Exemption u/s 35AC - Central Government had specified th Rehabilitation Centre for handicapped, by Manovikas Kendra, Calcutta, as an eligible project or scheme - 11192 - Income Tax

Exemption u/s 35AC - Central Government had specified th Rehabilitation Centre for handicapped, by Manovikas Kendra, Calcutta, as an eligible project or scheme NOTIFICATION NO. 11192 DATED 4-1-2000 S. O. 12(E)- Whereas by notification of the Government of India in the Ministry of Finance, number S.O. 617(E) dated the 10th August, 1992 [published at (1992) 107 CTR (St) 44], 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 3 Rehabilitation Centre for handicapped, by Manovikas Kendra, Calcutta, as an eligible project or scheme for a period of three years beginning with assessment year 1993-94, which was extended vide S.O. No. 580(E) dated 27th June, 1995 [published at (1995) 126 CTR (St) 67] by a period of three more years beginning with assessment year 1996-97, which was further extended vide S.O. 702(E) dated 3rd October, 1997 [published at (1997) 142 CTR (St) 691 for a period of three more years beginning with assessment year 1997-98 And whereas the said project or scheme is likely to extend beyond nine 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 two 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 rehabilitation centre for handicapped, which is being carried out by Manovikas Kendra, Calcutta, at the estimated cost of rupees four crores only, as an eligible project or scheme for a further period of two years beginning with the assessment year 2000-2001. [F.No. NC 136/99]