Exemption u/s 35AC - C. G. had notified , 'Rehabilitation and Education of the blind in GujaratState' by National Association for the Blind (GujaratState Branch), Ahmedabad, as an eligible project or scheme - Amendment in N. No. S.O. 180(E), dated the 10th March, 1997 - S.O. 2395(E) - Income Tax

Exemption u/s 35AC - C. G. had notified , 'Rehabilitation and Education of the blind in GujaratState' by National Association for the Blind (GujaratState Branch), Ahmedabad, as an eligible project or scheme - Amendment in N. No. S.O. 180(E), dated the 10th March, 1997 Notification No. 74/2008 [F. No. NC-274/13/2008] S.O. 2395(E) Dated 3-10-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 180(E), dated the 10th March, 1997, 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 13, 'Rehabilitation and Education of the blind in Gujarat State' by National Association for the Blind (Gujarat State Branch), Dr. Vikram Sarabhai Road, Vastrapur, Ahmedabad, Gujarat - 380 015, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98, which was extended further vide notification number S.O. 158(E), dated the 23rd February, 2000 for a period of three years beginning with assessment year 2000-01, which was extended further vide notification number S.O. 1383(E), dated the 30th December, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide notification number S.O. 1417(E), dated the 4th September, 2006 for a period of two years beginning with financial year 2006-07; And whereas by notification number S.O. 1417(E), dated the 4th September, 2006 the estimated cost was enhanced from Rs. 54.45 lakh to Rs. 1.22 crore; And whereas the said project or scheme is likely to extend beyond eleven years; And, whereas, the National Committee for the 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 and amending the project cost from Rs. 1.22 crore to Rs. 3.43 crore; 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 notifies the scheme or project 'Rehabilitation and Education of the blind in Gujarat State', being carried out by National Association for the Blind (Gujarat State Branch), Dr. Vikram Sarabhai Road, Vastrapur, Ahmedabad, Gujarat - 380 015 for a period of three more years beginning with financial year 2008-09. ( b ) further amends the said notification number S.O. 180(E), dated the 10th March, 1997, to the following effect, namely:— In the said notification, in the Table against serial number 13, in column (4), relating to maximum cost for which allowed, for the letters, figures and word 'Rs. 1.22 crore' the letters, figures and word 'Rs. 3.43 crore' shall be substituted.