Exemption u/s 35AC -notified at serial number 2, "Construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat" by Mata Lachmi Rotary Charitable Society, Gujarat, as an eligible project or sche - 47/2009 - Income Tax

Exemption u/s 35AC -notified at serial number 2, "Construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat" by Mata Lachmi Rotary Charitable Society, Gujarat, as an eligible project or scheme NOTIFICATION New Delhi , the 25th March, 2009 S. O. 846(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.698(E) dated the 3rd October, 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 2, "Construction of building, purchase of equipments and running of school for vocational training/rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat" by Mata Lachmi Rotary Charitable Society, Station Road, Adipur, Kutch-370205, Gujarat, 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. 121(E) dated the 11th February, 2000 for a period of three years beginning with assessment year 2001-2002, which was extended further vide notification number S.O. 901(E) dated the 5th August, 2003 for a period of three years beginning with assessment year 2004-2005 and which was extended further vide notification number S.O. l406(E) dated the 4th September, 2006 for a period of three years beginning with financial year 2006-2007; And whereas by notification number S.O. 17(E) dated the 4th January, 2000 the estimated cost was enhanced from Rs. 19.00 lakh plus a corpus fund of Rs.15.00 lakh to Rs.38.82 lakh including a corpus fund of Rs. 15.00 lakh, vide notification number S.O.913(E) dated the 20th September, 2001 the estimated cost was further enhanced from Rs.38.82 lakh including a corpus fund of Rs. 15.00 lakh to Rs.48.59 lakh including a corpus fund of Rs. 15.00 lakh and vide notification number S.O.61(E) dated the 22nd January, 2003 the estimated cost was further enhanced from Rs.48.59 lakh including a corpus fund of Rs.15.00 lakh to Rs.48.59 lakh including a corpus fund of Rs.24.48 lakh; And whereas the said project or scheme is likely to extend beyond twelve 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 building, purchase of equipments and running of school for vocational training/ rehabilitation of hearing handicapped children at Adipur, Kutch, Gujarat being carried out by Mata Lachmi Rotary Charitable Society, Station Road, Adipur, Kutch-370205, without any change in the approved cost of Rs.48.59 lakh including a corpus fund of Rs.24.48 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. 47/2009/F.No.NC-274/04/2009 NAVEEN CHANDRA, Director (National Committee)