Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Purchase Prayas Juvenile Aid Centre, Delhi by Prayas Juvenile Aid Centre as an eligible project or scheme - 016/2006- S.O. 147(E) - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Purchase Prayas Juvenile Aid Centre, Delhi by Prayas Juvenile Aid Centre as an eligible project or scheme NOTIFICATION NO. 16/2006, DATED 3-2-2006 S.O. 147(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1084(E) dated the 11 th October, 2002, 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 specified at serial number 1, for Prayas Juvenile Aid Centre, Delhi by Prayas Juvenile Aid Centre, Flat No.l-X, Block No.F, Jahangirpuri, Delhi-110033, as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004; 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 Prayas Juvenile Aid Centre, Delhi which is being carried out by Prayas Juvenile Aid Centre, Flat No.l-X, Block No.F, Jahangirpuri, Delhi-110033, without any change in the approved estimated cost i.e. ₹ 324.68 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006.