Exemption u/s 35AC - Central Government had specified for Project "Eye Hope" at Mumbai and surrounding areas, by Eye Bank Coordination and Research Centre, Mumbai, as an eligible project or scheme - 105/2005- S.O. 394 (E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Project Eye Hope at Mumbai and surrounding areas, by Eye Bank Coordination and Research Centre, Mumbai, as an eligible project or scheme NOTIFICATION NO. 105/2005, DATED 23-3-2005 S.O. 394 (E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.422(E) dated the 19 th May, 1998, 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 9, for Project Eye Hope at Mumbai and surrounding areas, by Eye Bank Coordination and Research Centre, Manisha Hospital, Sant Savta Marg, Byculla, Mumbai-400027, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 1216(E) dated the 12 th December, 2001 for a period of three years beginning with assessment year 2002-2003; 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 Project Eye Hope at Mumbai and surrounding areas, , which is being carried out by Eye Bank Coordination and Research Centre, Manisha Hospital, Sant Savta Marg, Byculla, Mumbai-400027, without any change in the approved cost i.e. ₹ 72.29 lakhs plus a corpus fund of ₹ 112.50 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]