Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of building for Special School, Hostel and Staff Quarters, Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh by Sri Dakshinaya Bhava Samithi as an eligible project or scheme - 097/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of building for Special School, Hostel and Staff Quarters, Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh by Sri Dakshinaya Bhava Samithi as an eligible project or scheme NOTIFICATION NO. 97/2006, DATED 4-4-2006 SO. 497(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.154(E) dated the 23 rd February, 2000, issued under sub-section (I) 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 2, for Construction of building for Special School, Hostel and Staff Quarters, Purchase of equipments, furnishing and running of Dakshinaya Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh by Sri Dakshinaya Bhava Samithi, D.No.4-2-16, 4 th Lane, Lakshmipuram, Guntur-522007 (Andhra Pradesh), as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O.1278(E) dated the 9 th December, 2002 for a period of three years beginning with assessment year 2003-2004; And whereas the said project or scheme is likely to extend beyond six 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 building for Special School, Hostel and Staff Quarters, Purchase of equipments, furnishing and running of Dakshinaya Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh which is being carried out by Sri Dakshinaya Bhava Samithi, D.No.4-2-16, 4 th Lane, Lakshmipuram, Guntur-522007 (Andhra Pradesh), without any change in the approved estimated cost of ₹ 267.80 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006. [F.No. NC-270/55/2006]