Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan, Seva Dham as an eligible project or scheme - 169/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan, Seva Dham as an eligible project or scheme NOTIFICATION NO. 169/2006, DATED 5-7-2006 S.O.1013(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 862(E), dated the 12th December, 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 2, for Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan, Seva Dham, 483, Hiran Magri, Sector-4, Udaipur, Rajasthan, 313002 , as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 which was extended further vide notification number S.O. 508(E), dated the 26th May, 2000 for a period of three years beginning with assessment year 2001-2002 and which was extended further vide notification number S.O. 785(E), dated the 5th July, 2004 for a period of three years beginning with assessment year 2003-2004; And whereas by notification number S.O. 785(E), dated the 5th July, 2004 the estimated cost was amended from ₹ 2.91 crore plus a corpus fund of ₹ 2.00 crore to ₹ 10.00 crore including a corpus fund of ₹ 2.00; And whereas the said project or scheme is likely to extend beyond eleven 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 1 [ for Running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, which is being carried out by Narayan Seva Sansthan, Seva Dham, 483, Hiran Magri, Sector-4, Udaipur, Rajasthan-313002 ] , without any change in the approved estimated cost of ₹ 10.00 crores including a corpus fund of ₹ 2.00 crores, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-2007. [F. No. NC-274/01/2006] ******* Notes 1. Substituted vide Notification no. 175/2007, dated 24-5-2007 before it was read as for Land development, construction with amenities of buildings for school workshop, hostel and staff quarters at Kheda District, Mehmadabad, Gujarat which is being carried out by National Association for Blind (Kheda District Branch), 26-A, Vivekanand Society, Near Telephone Office, Mehemdabad, District Kheda, Gujarat-387130