Exemption u/s 35AC - Central Government had specified for CRY Supported Development Project all over India, by CRY (Child Relief and You), DDA Slum Wing Barat Ghar, New Delhi, as an eligible project or scheme - Amendment in N. No S. O. 388(E), dated 19th May, 1997 - 634(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for CRY Supported Development Project all over India, by CRY (Child Relief and You), DDA Slum Wing Barat Ghar, New Delhi, as an eligible project or scheme - Amendment in N. No S. O. 388(E), dated 19th May, 1997 NOTIFICATION NO. 634(E) DATED 5-7-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 388(E), dated 19th May, 1997, 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 24, CRY Supported Development Project all over India, by CRY (Child Relief and You), DDA Slum Wing Barat Ghar, Bapu Park, Kotla Mubarakpur, New Delhi, as an eligible project or scheme for a period of three years beginning with the assessment year 1998-99 ; 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 and amending the project cost from Rs. 1,650 lakhs to Rs. 2,773 lakhs; 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),--- ( a ) hereby specifies the scheme or project of CRY Supported Development Project all over India, which is being carried out by CRY (Child Relief and You), DDA Slum Wing Barat Ghar, Bapu Park, Kotla Mubarakpur, New Delhi, as an eligible project or scheme for a period of three years beginning with the assessment year 2001-2002 ; and ( b ) amends the said Notification No. S. O 388(E), dated 19th May, 1997, as follows, namely : In the said notification, in the Table against serial number 24, in column (4) relating to maximum amount of estimated cost to be allowed as deduction under section 35AC, for the letters, figures and word "Rs. 1,650 lakhs", the letters, figures and word "Rs. 2,773 lakhs" shall be substituted. [No. 11422/F. No. NC-46/2000