Exemption u/s 35AC - Central Government had notified, 'Disability Reduction Project' by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai, as an eligible project or scheme - S.O. 2397(E) - Income Tax

Exemption u/s 35AC - Central Government had notified, 'Disability Reduction Project' by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road , Mumbai, as an eligible project or scheme Notification No. 76/2008 [F. No. NC-274/13/2008] S.O. 2397(E) Dated 3-10-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1275(E), dated the 9th December, 2002, 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 notified at serial number 1, 'Disability Reduction Project' by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai - 400 002, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04, which was extended further vide notification number S.O. 1007(E), dated the 5th July, 2006 for a period of two years beginning with financial year 2006-07; And whereas the said project or scheme is likely to extend beyond five years; And whereas the National Committee for Promotion of Social and Economic Welfare, 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 extending 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 notifies the scheme or project "Disability Reduction Project" being carried out by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road. Mumbai - 400 002, without any change in the approved cost of Rs. 590.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.