Exemption u/s 35AC - Central Government had specified for the purchase of equipments and running of socioeconomic promotion of cerebral palsied children and adults through education by "Savali" (Association for Mentally Retarded and Cerebral Palsy Children) Pune as an eligible project or scheme - 11497 - Income Tax

Exemption u/s 35AC - Central Government had specified for the purchase of equipments and running of socioeconomic promotion of cerebral palsied children and adults through education by Savali (Association for Mentally Retarded and Cerebral Palsy Children) Pune as an eligible project or scheme NOTIFICATION NO. 11497 DATED 21-9-2000 S.O. 857(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.O. 198(E), dated the 12th March, 1998 [published at (1998) 145 CTR (St) 69], 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 3 the purchase of equipments and running of socioeconomic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra, by Savali (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S. No. 133, Kothrud, Pune 411029, as an eligible project or scheme for a period of three years beginning with 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 subrule (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 purchase of equipments and running of socioeconomic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra, which is being carried out by Savali (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S. No. 133, Kothrud, Pune 411029, at the estimated cost of rupees seventh one lakhs twenty one thousand 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]