Section 35AC - Eligible projects or schemes - Equipments, furnishing and running of Residential training Centre for mentally retarded persons at Sabarkantha District Gujarat" by Sahyog Kushthayagna Trust, Rajendra Nagar - S.O. 1129(E) - Income Tax

Section 35AC - Eligible projects or schemes - Equipments, furnishing and running of Residential training Centre for mentally retarded persons at Sabarkantha District Gujarat" by Sahyog Kushthayagna Trust, Rajendra Nagar Notification No. 28/2010 Dated: 17-5-2010 S.O. 1129(E):- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 844(E), dated the 17th October, 1995, 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 5, "Equipments, furnishing and running of Residential training Centre for mentally retarded persons at Sabarkantha District, Gujarat" by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing District Sabarkantha, Gujarat -383276, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O. 213(E), dated the 16-3-1998 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 565(E), dated the 20-6-2001 for a period of three years beginning with assessment 2002-03, which was extended further vide notification number S.O. 392(E), dated the 23-5-2005 for a period of three years beginning with financial year 2004-05 and which was extended further vide notification number SO No. 1305(E), dated 4-6-2008 for a period of three years beginning with financial year 2007-08. And whereas by notification number S.O. 213(E), dated the 16-3-1998 the estimated cost was enhanced from Rs. 17.43 lakhs to Rs. 35.70 lakhs, vide notification number S.O. 565(E), dated the 20-6-2001 the estimated cost was enhanced from Rs. 35.70 lakh to Rs. 93.30 lakhs; and vide notification number S.O. 1305(E), dated the 4-6-2008 the estimated cost was further enhanced from Rs. 93.30 lakhs to 1.5 crore. And whereas the said project or scheme is likely to extend beyond fifteen years; And whereas, the National Committee for the Promotion of Social and Economic Welfare being satisfied that the said projects 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 specifies the scheme or project "Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat', which is being carried out by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, Dis trict Sabarkantha, Gujarat - 383276, without any change in the approved cost of Rs. 1.5 crore as an eligible project or scheme for a further period of three years commencing from the financial year 2010-11 i.e., 2010-11, 2011-12 and 2012-13. [F.No. V-27015/1/2010-so]