Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Eye care programme in the National Capital Region, Delhi by Lok Kalyan Samiti - 004/2007 [F.No. NC-274/03/2007] - Income Tax

Exemption u/s 35AC - the Central Government specified Eye care programme in the National Capital Region, Delhi by Lok Kalyan Samiti as an eligible project or scheme Notification No. 4/2007 [F.No. NC-274/03/2007], Dated 16-7-2007 S.O. 1148 (E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 308(E) dated the 11th May, 1999, 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 3, for Eye care programme in the National Capital Region, Delhi by Lok Kalyan Samiti, 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01 which was extended further vide notification number S.O.687(E) dated the 13th June, 2003 for a period of two years beginning with assessment year 2003-04 and which was extended further vide notification number S.O.136(E) dated the 2nd February, 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 eight 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 Eye care programme in the National Capital Region, Delhi which is being carried out by Lok Kalyan Samiti, 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002, without any change in the approved cost of 1011.00 lakhs, as an eligible project or scheme for a further period of three years beginning with financial year 2007-08.