Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Enhancing socio-economic status of Disabled at Ahmedabad District, Maharashtra by National Society for Equal Opportunities for the Handicapped India as an eligible project or scheme - 104/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Enhancing socio-economic status of Disabled at Ahmedabad District, Maharashtra by National Society for Equal Opportunities for the Handicapped India as an eligible project or scheme NOTIFICATION NO. 104/2006, DATED 4-4-2006 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.676(E) dated the 11 th August, 1998, 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 10, for Enhancing socio-economic status of Disabled at Ahmedabad District, Maharashtra by National Society for Equal Opportunities for the Handicapped India (NASEOH), Postal Colony Road, Chembur, Mumbai-400071 as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.869(E) dated the 14 th August, 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 Enhancing socio-economic status of Disabled at Ahmedabad District, Maharashtra which is being carried out by National Society for Equal Opportunities for the Handicapped India (NASEOH), Postal Colony Road, Chembur, Mumbai-400071, without any change in the approved estimated cost i.e. Rs. 15.00 lakhs plus a corpus fund of Rs. 50.00 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]