Exemption u/s 35AC - Central Govt. had specified for Construction of building, purchase of office equipments, furnishing and running of Rural Veterinary Care Centre/Camps at Walaja and Arcot Taluks, Vellore District, Tamilnadu by Thirumalai Charity Trust as an eligible project or scheme - 061/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Construction of building, purchase of office equipments, furnishing and running of Rural Veterinary Care Centre/Camps at Walaja and Arcot Taluks, Vellore District, Tamilnadu by Thirumalai Charity Trust as an eligible project or scheme Notification No. 61 of 2004, dt. 23rd Feb., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 497(E) dated the 26th May, 2000, issued under 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 building, purchase of office equipments, auto, moped, cycle, furnishing and running of Rural Veterinary Care Centre/Camps at Walaja and Arcot Taluks, Vellore District, Tamilnadu by Thirumalai Charity Trust, Thirumalai, 103, Sewree Wadala, Mumbai-400031, as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002; 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 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 of Construction of building, purchase of office equipments, auto, moped, cycle, furnishing and running of Rural Veterinary Care Centre/Camps at Walaja and Arcot Taluks, Vellore District, Tamilnadu, which is being carried out by Thirumalai Charity Trust, Thirumalai, 103, Sewree Wadala, Mumbai-400031, at the estimated cost of rupees thirty three lakhs and ninety three thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005.