Exemption u/s 35AC - Central Govt. had specified for Construction, furnishing and running of 100 bedded Khail Shanker Durlabhji Avedna Ashram by Khail Shanker Durlabhji Avedna Ashram Trust as an eligible project or scheme - 236/2006 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Construction, furnishing and running of 100 bedded Khail Shanker Durlabhji Avedna Ashram by Khail Shanker Durlabhji Avedna Ashram Trust as an eligible project or scheme NOTIFICATION NO. 236/2006, DATED 4-9-2006 S.O. 1418(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 20(E), dated the 6th January, 1995, 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 4, for Construction, furnishing and running of 100 bedded Khail Shanker Durlabhji Avedna Ashram, for providing free care to the erminally ill patients and a day care centre for elderly persons by Khail Shanker Durlabhji Avedna Ashram Trust, Bhawani Singh Marg, Jaipur-302015, Rajasthan, as an eligible project or scheme for a period of three years beginning with Assessment Year 1995-96 which was extended further vide Notification Number S.O. 395(E), dated the 19th May, 1997 for a period of three years beginning with Assessment Year 1998-99 which was extended further vide Notification Number S.0. 851 (E), dated the 21stSeptember, 2000 for a period of three years beginning with Assessment Year 2001-02 and which was extended further vide Notification Number S.O. 530(E), dated the 9th May, 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 twelve 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, furnishing and running of 100 bedded Khail Shanker Durlabhji Avedna Ashram, for providing free care to the terminally ill patients and a day care centre for elderly persons which is being carried out by Khail Shanker Durlabhji Avedna Ashram Trust, Bhawani Singh Marg, Jaipur-302 015, Rajasthan, without any change in the approved cost of Rs. 550.00 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]