Exemption u/s 35AC - Central Government had specified for Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, Gujarat, as an eligible project or scheme - 103/2005- S.O. 392(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, Gujarat, as an eligible project or scheme NOTIFICATION NO. 103/2005, DATED 23-3-2005 S.O. 392(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 844(E) dated the 17 th October, 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 5, for Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, District Sabarkantha, Gujarat - 383276, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O. 213(E) dated the 16 th March,1998 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 565(E) dated the 20th June,2001 for a period of three years beginning with assessment year 2002-2003; And whereas by notification number S.O.213(E) dated the 16 th March, 1998, the estimated cost was enhanced from ₹ 17.43 lakhs to ₹ 35.70 lakhs and which was amended further vide notification number S.O.565(E) dated the 20 th June, 2001, the estimated cost was enhanced from ₹ 35.70 lakhs to ₹ 93.30 lakhs; 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 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 Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat, which is being carried out by Sahyog Kushthayagna Trust, Rajendra Nagar Crossing, District Sabarkantha, Gujarat - 383276, without any change in the approved cost i.e. ₹ 93.30 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]