Exemption u/s 35AC - Central Government had specified for Running of school for mentally retarded children at Sabarkantha, North Gujarat, and Dungarpur District of Rajasthan by Sabarkantha Charitable Trust, C/o Dr. Navin Modi, Psychiatrist, (Gujarat) as an eligible project or scheme - 203/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified for Running of school for mentally retarded children at Sabarkantha, North Gujarat, and Dungarpur District of Rajasthan by Sabarkantha Charitable Trust, C/o Dr. Navin Modi, Psychiatrist, (Gujarat) as an eligible project or scheme Notification No. 203/2005, dated 23-9-2005 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 839(E) dated the 22nd November, 1994, 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 7, for Running of school for mentally retarded children at Sabarkantha, North Gujarat, and Dungarpur District of Rajasthan by Sabarkantha Charitable Trust, C/o Dr. Navin Modi, Psychiatrist, Avkar Hospital, Khodiyar Complex, Dr. Gandhi Road, Himmat Nagar-383001, (Gujarat) as an eligible project or scheme for a period of one year beginning with assessment year 1995-1996 which was extended further vide notification number S.O.825(E) dated the 29th September, 1995 for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.865(E), dated the 12th December, 1997 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.925(E), dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas by notification number S.O. 413(E) dated 15th May, 1998, the estimated cost was enhanced from Rs.4.60 lakhs to Rs. 13.80 lakhs and which was amended further vide notification number S.O. 743(E), dated 10th September, 1999, the estimated cost was enhanced from Rs. 13.80 lakhs to Rs.27.60 lakhs; And whereas the said project or scheme is likely to extend beyond ten 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 running of school for mentally retarded children at Sabarkantha, North Gujarat, and Dungarpur District of Rajasthan, which is being carried out by Sabarkantha Charitable Trust, C/o Dr. Navin Modi, Psychiatrist, Avkar Hospital, Khodiyar Complex, Dr. Gandhi Road, Himmat Nagar-383001, (Gujarat), without any change in the approved cost i.e. Rs.27.60 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]