Exemption u/s 35AC - Central Govt had specified for Sri Sathya Sai Gramin Jagriti Seva Sadan (A multi-dimensional Rural Welfare Project) including health care, by Shri Sathyasai Gramin Jagriti - 108/2004 - Income Tax

Exemption u/s 35AC - Central Govt had specified for Sri Sathya Sai Gramin Jagriti Seva Sadan (A multi-dimensional Rural Welfare Project) including health care, by Shri Sathyasai Gramin Jagriti Notification No. 108 of 2004, dt. 19th Mar., 2004 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.15(E) dated the 11th January, 1994, 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 12, for Sri Sathya Sai Gramin Jagriti Seva Sadan (A multi-dimensional Rural Welfare Project) including health care, education sports, spiritual activities and vocational training at Village Darwa, District Yamuna Nagar, Haryana, by Shri Sathyasai Gramin Jagriti. Sai Sadan. House No.551, Sector 8-B, Chandigarh - 160018, as an eligible project or scheme for a period of two years beginning with assessment year 1994-1995 which was extended further vide notification number S.O.864(E) dated the 27 th October, 1995 as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.864(E) dated 12 th December. 1997 for a period of three years beginning with assessment year 1999-2000 and which was amended to enhance the amount vide notification number S.O.286(E) dated 28 th March, 2001; And whereas the said project or scheme is likely to extend beyond eleven 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 Sri Sathya Sai Gramin Jagriti Seva Sadan (A multi-dimensional Rural Welfare Project) including health care, education sports, spiritual activities and vocational training at Village Darwa, District Yamuna Nagar, Haryana, which is being carried out by Shri Sathyasai Gramin Jagriti, Sai Sadan, House No.551. Sector 8-B, Chandigarh - 160018 at the estimated cost of rupees one hundred thirty seven lakhs (Rs.45.00 lakhs as corpus fund, Rs.19.00 lakhs for recurring expenses and Rs.3.00 lakhs for purchase of van) only, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. F.No. NC-348/2003