Exemption u/s 35AC - Central Government had specified for Leprosy eradication, rehabilitation of leprosy afflicted and their children and rural health at Rajendranagar, Distt. Sabarkantha, Gujarat by Sahyog Kushthayagna Trust as an eligible project or scheme - 066/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for Leprosy eradication, rehabilitation of leprosy afflicted and their children and rural health at Rajendranagar, Distt. Sabarkantha, Gujarat by Sahyog Kushthayagna Trust as an eligible project or scheme Notification No. 66 of 2003, dt. 31st March, 2003 S.O. 351(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 611(E) dated the 23rd August, 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 1, for Leprosy eradication, rehabilitation of leprosy afflicted and their children and rural health at Rajendranagar, Distt. Sabarkantha, Gujarat by Sahyog Kushthayagna Trust, Rajendranagar Tal-Himalnagar, District Sabarkantha, Gujarat-383276 as an eligible project or scheme for a period of three years beginning with assessment year 1995-1996 which was extended further vide notification number S.O. 211(E) dated 17th March, 1997 for a period of three years beginning with assessment year 1998-99 and which was extended further vide notification number S.O. 413(E) dated 26th April, 2000 for a period of three years beginning with assessment year 2001-2002; And whereas the said project or scheme is likely to extend beyond nine years; And whereas the National Committee, 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 Leprosy eradication, rehabilitation of leprosy afflicted and Their children and rural health at Rajendranagar, Distt. Sabarkantha, Gujarat which is being carried out by Sahyog Kushthayagna Trust Rajendranagar Tal-Himalnagar, District Sabarkantha, Gujarat-383276, at the estimated cost of rupees one crore thirty lakhs plus a corpus fund of rupees one crore seventy lakhs only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005. [F.No. NC-166/2002]