Exemption u/s 35AC - Central Government had specified for running of educational and developmental programme at Katha Khazana, by Katha, A-3, 2nd Floor, Sarvodaya Enclave as an eligible project or scheme - 195/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for running of educational and developmental programme at Katha Khazana, by Katha, A-3, 2nd Floor, Sarvodaya Enclave as an eligible project or scheme Notification No. 195 of 2003, dt. 5th August, 2003 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 10(E) dated the 4th January, 2000 issued under sub-section (1) read with clause (b) of the Explanation to section 36AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 7, for running of educational and developmental programme at Katha Khazana, Demonstration Block of M.C.D. Slum Department, Bhumiheen, Navjivan and Nehru Camps, Govindpuri, Kalkaji Extension, New Delhi-19 by Katha, A-3, 2nd Floor, Sarvodaya Enclave, Aurobindo Marg, New Delhi-110017 as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; 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; and 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 running of educational and developmental programme at Katha Khazana, Demonstration Block of M.C.D. Slum Department, Bhumiheen, Navjivan and Nehru Camps Govindpuri, Kalkaji Extension, New Delhi-19 which is being carried out by Katha, A-3, 2nd Floor, Sarvodaya Enclave, Aurobindo Marg, New Delhi-110017 at the estimated cost of rupees three crores eighty-four lakhs sixty four thousand (including a corpus fund of rupees two crores) only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2003-2004. [F.No. NC-151/2003]