Exemption u/s 35AC - Central Govt had specified for Running expenses for Mata Gujari Old Age Home-cum-orphanage at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council as an eligible project or scheme - Amendment in N. No S.0. 844(E) dated the 17th October 1995 - 160/2004 - Income Tax

Exemption u/s 35AC - Central Govt had specified for Running expenses for Mata Gujari Old Age Home-cum-orphanage at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council as an eligible project or scheme - Amendment in N. No S.0. 844(E) dated the 17 th October 1995 NOTIFICATION No. 160/2004 Dated 23 rd June, 2004 S.O.724(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0. 844(E) dated the 17 th October 1995, issued under 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 14, for Running expenses for Mata Gujari Old Age Home-cum-orphanage at Village Khanpur, District Ropar, Punjab, by Nishkam Sikh Welfare Council, BF-33, Tagore Garden, New Delhi-110027, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997, which was extended further vide notification number S.0.259(E), dated the 27th March, 1997 for a period of three years beginning with assessment year 1998-1999 and which was amended and extended further vide notification number S.0.924(E). dated the 20 th September, 2001 for a period of three years beginning with assessment year 2001-2002 and was also amended to enhance the cost from ₹ 27.36 lakhs to ₹ 99.00 lakhs; And whereas the said project or scheme is likely to extend beyond nine years; And, whereas, the National Committee for the 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 and amending the project cost from ₹ 99.00 lakhs to ₹ 159.00 lakhs; 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),- (a) hereby specifies the scheme or project of Running expenses for Mata Gujari Old Age -Home-cum-orphanage at Village Khanpur, District Ropar, Punjab which is being carried out by Nishkam Sikh Welfare Council, BF-33. Tagore Garden , New Delhi-110027 for a further period of three years beginning with financial year 2003-2004; and (b) further amends the said notification number S.0.844(E) dated the 17 th October 1995, to the following effect, namely:- In the said notification, in the Table against serial number 14, in column (4), relating to maximum cost for which allowed, for the letters, figures and word ₹ 99.00 lakhs the letters, figures and word ₹ 159.00 lakhs shall be substituted. Sd/- (Sunil Sharma) Dy. Secy. (National Committee) F.No.NC-69/2004