Exemption u/s 35AC - Central Government had specified for construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children by Mata Lachmi Rotary Charitable Society, Gujarat, as an eligible project or scheme - 11235 - Income Tax

Exemption u/s 35AC - Central Government had specified for construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children by Mata Lachmi Rotary Charitable Society, Gujarat, as an eligible project or scheme NOTIFICATION NO. 11235 DATED 11-2-2000 S.O. 121(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 698(E) dated the 3rd October, 1997 [published at (1997) 142 CTR (St) 60] 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 2 construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat by Mata Lachmi Rotary Charitable Society, Station Road, Adipur, Kutch-370205, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 : And whereas by notification number S.O. 17(E) dated 4th January, 2000 [published at (2000) 158 CTR (St) 421, the estimated cost was enhanced from ₹ 19 lakhs plus a corpus fund of ₹ 15 lakhs to ₹ 38.82 lakhs (including a corpus fund of ₹ 15 lakhs). And whereas the said project or scheme is likely to extend beyond three 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 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 IT Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat, which is being carried out by Mata Lachmi Rotary Charitable Society, Station Road, Adipur, Kutch-370205, Gujarat at the estimated cost of rupees thirty-eight lakhs eighty-two thousand only as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-136/99 ITA]