Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Equipment, furnishing and running of special education centers for spastic children at urban centers of SPASTN in Tamilnadu by The Spastics Society of Tamil Nadu as an eligible project or scheme - 019/2006- S.O. 150(E) - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Equipment, furnishing and running of special education centers for spastic children at urban centers of SPASTN in Tamilnadu by The Spastics Society of Tamil Nadu as an eligible project or scheme NOTIFICATION NO. 19/2006, DATED 3-2-2006 S.O. 150(E) .- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.388(E), dated the 19 th May,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 specified at serial number 15, for Equipment, furnishing and running of special education centers for spastic children at urban centers of SPASTN in Tamilnadu by The Spastics Society of Tamil Nadu, Centre for Special Education, Opposite T.T.T.I., Taramani Road, CHENNAI, as an eligible project or scheme for a period of two years beginning with assessment year 1998-1999, which was extended further vide notification number S.O.1146(E), dated the 18 th November, 1999 for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O.969(E) dated the 10 th September, 2002 for a period of three years beginning with assessment year 2003-2004; And whereas by notification number S.O.969(E) dated the 10 th September, 2002 the estimated cost was enhanced from ₹ 65.67 lakhs to ₹ 126.52 lakhs; And whereas the said project or scheme is likely to extend beyond eight 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for Equipment, furnishing and running of special education centers for spastic children at urban centers of SPASTN in Tamilnadu which is being carried out by The Spastics Society of Tamil Nadu, Centre for Special Education, Opposite T.T.T.I., Taramani Road, CHENNAI, without any change in the approved estimated cost i.e. ₹ 126.52 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006.