Exemption u/s 35AC - Central Government had specified for Construction of building and running of Vridh Bhakt Niwas (Old age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Uttar Pradesh by Brahmayetta Shree Devaraha Hans Baba Trust as an eligible project or scheme - 229/2006 - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of building and running of Vridh Bhakt Niwas (Old age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Uttar Pradesh by Brahmayetta Shree Devaraha Hans Baba Trust as an eligible project or scheme NOTIFICATION NO. 229/2006, DATED 4-9-2006 S.O. 1411(E) - Whereas by notification of the Government ofIndia in the Ministry of Finance (Department of Revenue) Number S.O. 497(E), dated the 26th May, 2000, 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. Construction of building and running of Vridh Bhakt Niwas (Old age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Village - Bhagdevar, Mahuari Kalan, District -Mirzapur, Uttar Pradesh by Brahmayetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi, as an eligible project or scheme for a period of three years beginning with Assessment Year 2001-02 and which was extended further vide Notification Number S.O. 690(E), dated the 13th June, 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 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 and running of Vridh Bhakt Niwas (Old age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Village Bhagdevar, Mahuari Kalan, District - Mirzapur, Uttar Pradesh which is being carried out by Brahmavetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi, without any change in the approved cost of ₹ 755.00' 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]