Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of Building, Purchase of Library Books, running of activities for rehabilitation of persons by Amar Jyoti Charitable Trust as an eligible project or scheme - 036/2007 [F.No.NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Construction of Building, Purchase of Library Books, running of activities for rehabilitation of persons by Amar Jyoti Charitable Trust as an eligible project or scheme [ NOTIFICATION NO. 36/2007 [F.No.NC-274/03/2007] New Delhi , dated the 23rd October, 2007 S.O. 1800(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.901(E) dated the 20th September, 2001, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had notified at serial number 3, " Construction of Building, Purchase of Library Books, Office and Sports equipments, Mobile aids and appliances, learning materials, furnishing and running of activities for rehabilitation of persons with disability through integrated education, vocational training, medical care and employment opportunities" by Amar Jyoti Charitable Trust, N-192, Greater Kailash-I, New Delhi - 110048 as an eligible project or scheme for a period of three years beginning with assessment year 2002-2003 which was extended further vide notification number S.O.389(E) dated the 23rd March, 2005 for a period of three years beginning with financial year 2004-05; And whereas the said project or scheme is likely to extend beyond six year; 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 extending 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 hereby notifies the scheme or project " expansion of Construction of Building, Purchase of Library Books, Office and Sports equipments, Mobile aids and appliances, learning materials, furnishing and running of activities for rehabilitation of persons with disability through integrated education, vocational training, medical care and employment opportunities" being carried out by Amar Jyoti Charitable Trust, N-192, Greater Kailash-I, New Delhi - 110048, without any change in the approved cost of Rs. 225.84 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2007-2008. [ No.36/2007 /F.No.NC-274/03/2007]