Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for purchase of equipments, construction of building for school and centre for the care of ear at Bandangari, Malad East, Mumbai by ENT Charitable Trust - 009/2007 [F.No. NC-274/03/2007] - Income Tax

Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for purchase of equipments, construction of building for school and centre for the care of ear at Bandangari, Malad East, Mumbai by ENT Charitable Trust Notification No. 9/2007 [F.No. NC-274/03/2007], dated 16-7-2007 S.O.1153(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 832(E) dated the 18th September, 1998, 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 2, for purchase of equipments, construction of building for school and centre for the care of ear at Bandangari, Malad East, Mumbai by ENT Charitable Trust, 4, Filka, Daftary Road, Mumbai-400097, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O. 564(E) dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification number S.O. 142(E) dated the 3rd February, 2006 for a period of one year beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond nine 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 purchase of equipments, construction of building for school and centre for the care of ear at Bandangari, Malad East, Mumbai which is being carried out by ENT Charitable Trust, 4, Filka, Daftary Road, Mumbai-400097, without any change in the approved cost of Rs. 375.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07.