Exemption u/s 35AC -Central Government notified "Nalgonda school and hostel for the blind run by Development and Welfare Association of the Blind (Andhra Pradesh)" as an eligible project or scheme. - 05/2009/S.O. 234(E) - Income Tax

Exemption u/s 35AC -Central Government notified "Nalgonda school and hostel for the blind run by Development and Welfare Association of the Blind (Andhra Pradesh)" as an eligible project or scheme. NOTIFICATION New Delhi , the 21st January, 2009 S.O. 234(E).— Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1586(E) dated the 11th November, 2005, 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 3, "Nalgonda school and hostel for the blind run by Development and Welfare Association of the Blind (Andhra Pradesh)" by Development and Welfare Association of the Blind, Sundas Bhavan, Deendayal Nagar, Gollaguda, Nalgonda-508001, Andhra Pradesh, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006; And, whereas, the said project or scheme is likely to extend beyond three year; 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 11 M of the Income-tax Rules, 1962 , for extended 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 196l), hereby notifies the scheme or project "Nalgonda school and hostel for the blind run by Development and Welfare Association of the Blind (Andhra Pradesh)" being carried out by Development and Welfare Association of the Blind, Sundas Bhavan, Deendayal Nagar Gollaguda, Nalgonda-508001, without any change in the approved cost of Rs. 7.63 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-2009, 2009-2010 and 2010-2011. [No. 5/2009/F. No. NC-274/17/2008] NAVEEN CHANDRA, Director (National Committee)