Exemption u/s 35AC - C.G. had specified for Construction of building, Auditorium, Ayurvedic Clinic etc. for Dev Sanskriti Vishwa Vidayala, Haridwar by Shri Vedmata Gayatri Trust, Haridwar (Uttaranchal), as an eligible project or scheme - 146/2005- S.O. 710(E) - Income Tax

Exemption u/s 35AC - C.G. had specified for Construction of building, Auditorium, Ayurvedic Clinic etc. for Dev Sanskriti Vishwa Vidayala, Haridwar by Shri Vedmata Gayatri Trust, Haridwar (Uttaranchal), as an eligible project or scheme Notification No. 146/2005, Dated 25-5-2005 S.O. 710(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.915(E) dated the 27 th August, 2002, 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 1, for Construction of building, Auditorium, Ayurvedic Clinic, School building, Administrative Block, Residential Quarters and purchase of equipments, furniture/fixture, books for Dev Sanskriti Vishwa Vidayala and running of swavalammban, Healthcare and Education programmes at Shantikunj, Haridwar by Shri Vedmata Gayatri Trust, Shantikunj, Haridwar 249 411 (Uttaranchal), as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004; 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 building, Auditorium, Ayurvedic Clinic, School building, Administrative Block, Residential Quarters and purchase of equipments, furniture/fixture, books for Dev Sanskriti Vishwa Vidayala and running of swavalammban, Healthcare and Education programmes at Shantikunj, Haridwar which is being carried out by Shri Vedmata Gayatri Trust, Shantikunj, Haridwar 249 411 (Uttaranchal), without any change in the approved cost i.e . ₹ 4229.00 lakhs including a corpus fund of ₹ 3000.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006. [F.No. NC-270/11/2005]