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Exemption u/s 35AC - Central Government had notified, 'Construction of a home for the aged blind' by National Association for the Blind, Sector-5, R.K. Puram, New Delhi, as an eligible project or scheme - S.O. 2392(E) - Income TaxExtract Exemption u/s 35AC - Central Government had notified, 'Construction of a home for the aged blind' by National Association for the Blind, Sector-5, R.K. Puram, New Delhi , as an eligible project or scheme Notification No. 71/2008 [F. No. NC 274/13/2008] S.O. 2392(E) dated 3-10-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 998(E), dated the 5th July, 2006, 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 11, 'Construction of a home for the aged blind' by National Association for the Blind, Sector-5, R.K. Puram, New Delhi - 110 022, as an eligible project or scheme for a period of three years beginning with financial year 2006-07; And whereas the said project or scheme is likely to extend beyond three 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 'Construction of a home for the aged blind' being carried out by National Association for the Blind, Sector-5, R.K. Puram, New Delhi - 110 022, without any change in the approved cost of ₹ 3.00 crore for infrastructure and prevention of blindness and ₹ 10.00 crore for corpus fund, as an eligible 1 [ project or scheme extended for a further period of three years beginning with financial year 2009-10 ] . ******** Notes 1. Corrected vide Corrigendum dated 23-02-2011 before it was read as project or scheme for a further period of three years beginning with financial year 2008-09
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