Exemption u/s 35AC - Central Government had specified for the administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children, by SOS Children's New Delhi, as an eligible project or scheme - 11492 - Income Tax

Exemption u/s 35AC - Central Government had specified for the administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children, by SOS Children s New Delhi, as an eligible project or scheme NOTIFICATION NO. 11492 DATED 21-9-2000 S.O.852(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 267(E), dated the 29th March, 1994 [published at (1994) 118 CTR (St) 41, 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 6, the administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children, by SOS Children s Village of India, A-38, Kailash Colony, New Delhi-110048, as an eligible project or scheme for a period of three years beginning with assessment year 1995-96, which was extended further vide notification No. S.O. 390(E), dated the 19th May, 1997, [published at (1997) 140 CTR (St) 6] for a period of three years beginning with assessment year 1998-99; And whereas the said project or scheme is likely to extend beyond six 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 Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children, which is being carried out by SOS Children s Village of India, A-38, Kailash Colony, New Delhi-110048, at the estimated cost of rupees thirty two crores ninety one lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2001-2002. [F. No. NC-73/2000]