Exemption u/s 35AC - Central Government had specified for Construction of building and running of Vridh Bhakt Niwas (Old Age Home), at Village Bhagdevar, District Mirzapur, Uttar Pradesh by Brahmavetta Shree Devaraha Hans Baba Trust as an eligible project or scheme - 153/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for Construction of building and running of Vridh Bhakt Niwas (Old Age Home), at Village Bhagdevar, District Mirzapur, Uttar Pradesh by Brahmavetta Shree Devaraha Hans Baba Trust as an eligible project or scheme Notification No. 153 of 2003, dt. 13th June, 2003 . S.O.690(E) - 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 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 2, for Construction of building and running of Vridh Bhakt Niwas (Old Age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Village Bhagdevar, Mahuari Kalan, District Mirzapur, Uttar Pradesh by Brahmavetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi 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, 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 and running of Vridh Bhakt Niwas (Old Age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Village Bhagdevar, Mahuari Kalan, District Mirzapur, Uttar Pradesh which is being carried out by Brahmavetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi, at the estimated cost of rupees seven crores fifty-five 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-81/2003]