Exemption Under Section 35AC(1)- Sainik Ashram by Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station - Kunnumpuram Road, P.O. Kakkanad, Kochi - 78/2010 [F. NO. V-27015/3/2010-SO(NAT.COM)]/S.O. 2524(E), - Income Tax

Exemption Under Section 35AC(1)- Sainik Ashram by Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station - Kunnumpuram Road, P.O. Kakkanad, Kochi IV NOTIFICATION NO. 78/2010 [F. NO. V-27015/3/2010-SO(NAT.COM)]/S.O. 2524(E), DATED 11-10-2010 WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1145(E) dated 16th July, 2007, 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 2, Sainik Ashram by Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station - Kunnumpuram Road, P.O. Kakkanad, Kochi - 682 030, Kerala, as an eligible project or scheme for a period of three years beginning with the financial year 2007-08; 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 extending the said project or scheme for a further period of two 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 "Sainik Ashram", is being carried out by Kerala Ex-Servicemen Welfare Association (KEXWA) Civil Station, Kunnumpuram Road, P.O. Kakkanad, Kochi-682 030, without any change in the approved cost of Rs. 1.65 crore, as an eligible project or scheme for a further period of the two financial years commencing with 2010-11, i.e. , 2010-11 and 2011-12.