Exemption u/s 35AC - C. G. had specified for Purchase of equipments/vehicles furnishing and construction of building for Sri Sankara Deva Nethralya, by Sri Kanchi Sankara Health & Educational Foundation, Guwahati as an eligible project or scheme - 147/2005- S.O. 711(E) - Income Tax

Exemption u/s 35AC - C. G. had specified for Purchase of equipments/vehicles furnishing and construction of building for Sri Sankara Deva Nethralya, by Sri Kanchi Sankara Health Educational Foundation, Guwahati as an eligible project or scheme NOTIFICATION No. 147/2005, Dated 25-5-2005 S.O. 711(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 3 5 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 11, for Purchase of equipments/vehicles furnishing and construction of building for Sri Sankara Deva Nethralya, Phase-I Expansion project at Guwahati, Assam; by Sri Kanchi Sankara Health Educational Foundation, Sri Sankaradeva Netralaya Basaitha Charali, P.O. Beltola, Guwahati-28. as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.971(E) dated the 10 th September, 2002 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 subsection (1) read with clause (b) of the Explanation to section 3 5 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for Sri Sankara Deva Nethralya, Phase-I Expansion project at Guwahati, Assam which is being carried out by Sri Kanchi Sankara Health Educational Foundation, Sri Sankaradeva Netralaya Basaitha Charali, P.O. Beltola, Guwahati-28, without any change in the approved cost i.e . ₹ 2011.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. [F.No. NC-270/11/2005]