Exemption u/s 35AC - C. G. had specified at s. no. for Construction of buildings for Braille Press and running of Braille Press Complex at Vidyapalli, Malanda, by Blind Persons's Association, 10/2, Calcutta, as an eligible project or scheme - 223/2006 - Income Tax

Exemption u/s 35AC - C. G. had specified at s. no. for Construction of buildings for Braille Press and running of Braille Press Complex at Vidyapalli, Malanda, by Blind Persons's Association, 10/2, Calcutta, as an eligible project or scheme NOTIFICATION NO. 223/2006, DATED 4-9-2006 S.O. 1405(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue)'number S.O.54(B) dated the 16th January, 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 5, for Construction of buildings for Braille Press, library, Blind School, Auditorium, Dormitory, purchase of Braille Press and running of Braille Press Complex at Vidyapalli, Malanda, Mahinagar, South-24 Pargarias, by Blind Persons's Association, 10/2, Shamsul Huda Road, Calcutta, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 which was extended further vide notification number S.O.500(E) dated the 26th May, 2000 for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O. 134(E), dated the 29th September, 2003 for a period of three years beginning with assessment year 2004-05; And whereas the said project or scheme is likely to extend beyond nine 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 subsection (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 buildings for Braille Press, Library, Blind School, Auditorium, Dormitory, purchase of Braille Press and running of Braille Press Complex at Vidyapalli, Malanda, Mahinagar, South-24 Parganas which is being earned out by Blind Persons's Association, 10/2, Shamsul Huda Road Calcutta, without any change in the approved cost of Rs. 187.50 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/2/2006]