Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Expansion of Outreach programmes for rural areas at neighbouring villages of Uttar Pradesh, Haryana and Rajasthan by Ishwar Eye Institute, as an eligible project or scheme - 018/2007[F.No.NC-274/03/2007]- SO. 1162(E) - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Expansion of Outreach programmes for rural areas at neighbouring villages of Uttar Pradesh, Haryana and Rajasthan by Ishwar Eye Institute, as an eligible project or scheme Notification No. 18/2007[F.No.NC-274/03/2007], dated 16-7-2007 SO. 1162(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 471(E) dated the 26th May, 1995, 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 13, for Expansion of Outreach programmes for rural areas at neighbouring villages of Uttar Pradesh, Haryana and Rajasthan by Ishwar Eye Institute, N-132, Panchshila Park, New Delhi-110017, as an eligible project or scheme for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O. 837(E) dated the 18th September, 1998 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 904(E) dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification number S.O. 1602(E) dated the November 15, 2005 for a period of two years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond eleven 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 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 for Expansion of Outreach programmes for rural areas at neighbouring villages of Uttar Pradesh, Haryana and Rajasthan, which is being carried out by Ishwar Eye Institute, N-132, Panchshila Park, New Delhi-110017, without any change in the approved cost of ₹ 208.97 lakhs, as an eligible project or scheme for a further period of three years beginning with financial year 2007-08.