Exemption u/s 35AC - Central Government notified "Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults at Kothrud, Pune; Maharashtra" as an eligible project or scheme. - 20/2009/S.O. 249 (E) - Income Tax

Exemption u/s 35AC - Central Government notified "Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults at Kothrud, Pune; Maharashtra " as an eligible project or scheme. NOTIFICATION New Delhi , the 21st January, 2009 S.O. 249 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.198(E) dated the 12th March, 1998, issued under 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, "Purchase of equipments and running of socio-economic 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, Kothurd, Pune-411029, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999, which was extended further, vide notification number S.O.857(E) dated the 21st September, 2000 for a period of three years beginning with assessment year 2001-2002, which was extended further vide notification number S.O. 607(E) dated the 20th May, 2004 for a period of three years beginning with assessment year 2003-2004 and which was extended further vide notification number S.O.479(E) dated the 29th March, 2007 for a period of three years beginning with financial year 2006-2007; And whereas the said project or scheme is likely to extend beyond twelve 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; 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 "Purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra" being carried out by 'Savali' (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No.14, S.No.133, Kothrud, Pune - 411029, without any change in the approved cost of Rs.71.21 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010 i.e. 2009-2010,2010-2011 2011-2012. [No.20/2009/F.No. NC-274/17/2005] NAVEEN CHANDRA, Director (National Committee)