Exemption for Disabled Welfare Trust of India, Surat 1058, Nanpura, Surat-1, u/s 35AC of the Income-tax Act, 1961 - SO 1300(E) - Income Tax

Exemption for Disabled Welfare Trust of India , Surat 1058, Nanpura, Surat-1, u/s 35AC of the Income-tax Act, 1961 Notification No. SO 1300(E) [F. No. NC-274/08/2008] dated 4-6-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number SO 708(E), dated the May 25, 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 notified at serial number 10, 'Project for handicapped persons' by Disabled Welfare Trust of India, Surat 1058, Dhobi Sheri, Nanpura, Surat-1, as an eligible project or scheme for a period of three years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond three 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 'Project for handicapped persons' being carried out by Disabled Welfare Trust of India, Surat 1058, Dhobi Sheri, Nanpura, Surat-1, without any change in the approved cost of Rs. 5.35 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.