Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped" by Association for Advancement and Rehabilitation of Handicapped as an eligible project or scheme - 031/2007 [F.No.NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped" by Association for Advancement and Rehabilitation of Handicapped as an eligible project or scheme NOTIFICATION NO. 31/2007 [F.No.NC-274/03/2007] New Delhi , dated the 23rd October, 2007 S.O. 1795(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.791(E) dated the 18th September, 1995, 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 9, "Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped" by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasant Enclave, New Delhi-110057, as an eligible project or scheme for a period of three year beginning with Assessment year 1996-1997 which was extended further vide notification number S.O.683(E) dated the 11th August, 1998 for a period of three years beginning with assessment year 1999- 2000 which was extended further vide notification number S.O.909(E) dated the 20th September, 2001 for a period of three years beginning with financial year 2002-2003 and which was extended further vide notification number S.O.378(E) dated 23rd May, 2005 for a period of three years beginning with financial year 2004-2005; And whereas the said project or scheme is likely to extend beyond twelve years; 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 (43 of 1961), hereby notifies the scheme or project "Construction, equipment, furnishing of Navjyoti Centre for mentally handicapped" being carried out by Association for Advancement and Rehabilitation of Handicapped (AAROH), 224, Vasant Enclave, New Delhi-110057, without any change in the approved cost of Rs.51 lakh plus a corpus fund of Rs. 30 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2007-2008. [No. 31/ 2007/ F.No. NC-274/03/2007]