Exemption u/s 35AC - Central Government had specified the project of scheme for Eye Care Programme in the National Capital Region, Delhi, by Lok Kalyan Samiti as an eligible project or scheme - 035/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified the project of scheme for Eye Care Programme in the National Capital Region, Delhi , by Lok Kalyan Samiti as an eligible project or scheme NOTIFICATION NO. 35/2005, DATED 2-2-2005 S.O.136(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.308(E) dated the 11 th May, 1999, issued under 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 3, the project of scheme for Eye Care Programme in the National Capital Region, Delhi, by Lok Kalyan Samiti 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002 at the estimated cost of rupees ten crores eleven lakhs only, as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001 and which was extended further vide notification number S.O.687(E) dated the 13 th June, 2003 for a period of two years beginning with assessment year 2003-2004; And whereas the said project or scheme is likely to extend beyond five 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 Eye Care Programme in the National Capital Region, Delhi, which is being carried out by Lok Kalyan Samiti 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002, without change in the approved cost as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F. No. NC-270/408/2004]