Explanation to section 35AC - Construction of Senior Citizens home- Shree Bhartimaiya Anand dhara (Vriddashram) and running of the project by Sri Shree Ambica Niketan Trust, Parle Point Athwa Lines, Surat - 027/2007- S.O. 1504(E) - Income Tax

Explanation to section 35AC - Construction of Senior Citizens home- Shree Bhartimaiya Anand dhara (Vriddashram) and running of the project by Sri Shree Ambica Niketan Trust, Parle Point Athwa Lines, Surat [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART-II], SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) New Delhi, dated the 7th September, 2007 S.O. 1504(E).-Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.68(E) dated the 14th January, 2004, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 , the Central Government had specified at serial number 9, for Construction of Senior Citizens home- Shree Bhartimaiya Anand dhara (Vriddashram) and running of the project by Sri Shree Ambica Niketan Trust, Parle Point Athwa Lines, Surat-395007, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005; 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 specifying 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 specifies the scheme or project for Construction of Senior Citizens home- Shree Bhartimaiya Anand dhara (Vriddashram) and running of the project which is being carried out by Sri Shree Ambica Niketan Trust, Parle Point Athwa Lines, Surat-395007, without any change in the approved cost of ₹ 4.21 crores including a corpus fund of ₹ 2.92 crores, as an eligible project or scheme for a further period of three years beginning with financial year 2006-2007. [No.27/2007/F.No. NC-274/03/2007] Vijay Kumar, Director (National Committee)