Exemption u/s 35AC - Central Government had specified for Construction of shelter for the homeless, wells, lavatory and assistance to other institutions for welfare activities at Kasargod District, Kerala by Mother Krishnabai Rural Development Trust as an eligible project or scheme - 087/2005- S.O. 376(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of shelter for the homeless, wells, lavatory and assistance to other institutions for welfare activities at Kasargod District, Kerala by Mother Krishnabai Rural Development Trust as an eligible project or scheme NOTIFICATION NO. 87/2005, DATED 23-3-2005 S.O. 376 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.901(E) dated the 20 th September, 2001, 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 shelter for the homeless, wells, lavatory and assistance to other institutions for welfare activities at Kasargod District, Kerala and other parts of the country, by Mother Krishnabai Rural Development Trust, Ramnagar, Anandashram P.O., Kanhangad-671531, Kerala, as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003; And whereas by notification number S.O. 65(E) dated the 22 nd January, 2003, the estimated cost was enhanced from Rupees.55.00 lakhs to ₹ 130.00 lakhs; And whereas the said project or scheme is likely to extend beyond three 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 shelter for the homeless, wells, lavatory and assistance to other institutions for welfare activities at Kasargod District, Kerala and other parts of the country, which is being carried out by Mother Krishnabai Rural Development Trust, Ramnagar, Anandashram P.O., Kanhangad-671531, Kerala, without any change in the approved cost i.e. ₹ 130.00 lakhs as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F.No. NC-270/01/2005]