Exemption u/s 35AC - Central Government had specified for Rehabilitation project for the blind in all talukas of Mehsana District, Gujarat, by National Association for the Blind (Mehsana Distt. Branch) as an eligible project or scheme - 198/2003- S.O. 902(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for Rehabilitation project for the blind in all talukas of Mehsana District, Gujarat, by National Association for the Blind (Mehsana Distt. Branch) as an eligible project or scheme Notification No. 198 of 2003, dt. 5th August, 2003 S.O. 902(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 180(E) dated the 10th March, 1997 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 16, for Rehabilitation project for the blind in all talukas of Mehsana District, Gujarat, by National Association for the Blind (Mehsana Distt. Branch), South Commercial Centre, Near Three Gate, Visnagar-384315, District Mehsana (N.G), Gujarat, as an eligible project or scheme for a period of two years beginning with assessment year 1997-98 which was extended further vide notification number S.O. 216(E) dated 1st April, 1999 for a period of two years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O. 1284(E) dated 9th December, 2002, for a period of three years beginning with assessment year 2001-2002; And, whereas, the said project or scheme is likely to extend beyond seven 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 Rehabilitation project for the blind in all talukas of Mehsana District, Gujarat, which is being carried out by National Association for Blind (Mehsana Distt. Branch), South Commercial Centre, Near Three Gate, Visnagar-384315, District Mehsana (N.G), Gujarat, at the estimated cost of rupees forty-five lakhs ninety-one thousand only, as an eligible project or scheme for a further period of three years commencing from the assessment year 2004-2005. [F.No. NC-151/2003]