Exemption u/s 35AC - Central Government had specified for Construction of dormitory -cum-library and running of rehabilitation/welfare programmes at Bangalore by Shree Ramana Maharishi Academy for the Blind, Bangalore, as an eligible project or scheme - 152/2005- S.O. 716(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of dormitory -cum-library and running of rehabilitation/welfare programmes at Bangalore by Shree Ramana Maharishi Academy for the Blind, Bangalore, as an eligible project or scheme NOTIFICATION No. 152/2005, Dated 25-5-2005 S.O. 716(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 8, for Construction of dormitory -cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places, by Shree Ramana Maharishi Academy for the Blind, CA-IB, 3 rd Cross, 3 rd Phase, J.P. Nagar, Bangalore-560078, as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003; 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 dormitory -cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places, which is being carried out by Shree Ramana Maharishi Academy for the Blind, CA-IB, 3 rd Cross, 3 rd Phase, J.P. Nagar, Bangalore-560078, without any change in the approved cost i.e. ₹ 197.00 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]