Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Sustainable development of socio economically disadvantaged areas of Gujarat by Cohesion Foundation Trust - 010/2007 [F.No. NC-274/03/2007]- SO. 1154(E) - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Sustainable development of socio economically disadvantaged areas of Gujarat by Cohesion Foundation Trust Notification No. 10/2007 [F.No. NC-274/03/2007], dated 16-7-2007 SO. 1154(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1586(E) dated the 11th November, 2005, 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 11, for Sustainable development of socio economically disadvantaged areas of Gujarat by Cohesion Foundation Trust, 6, Sejal Apartment, Behind Navneet Press, Gurukul Road, Memnagar, Ahmedabad-380 052, as an eligible project or scheme for a period of two years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond two 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 two 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 sustainable development of socio-economically disadvantaged areas of Gujarat which is being carried out by Cohesion Foundation Trust, 6, Sejal Apartment, B/H Navneet Press, Gurukul Road, Memnagar, Ahmedabad-380 052, without any change in the approved cost of ₹ 2.04 crores, as an eligible project or scheme for a further period of two years beginning with financial year 2007-08.