Exemption u/s 35AC - Central Govt. had specified the project or scheme for running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan as an eligible project or scheme - 183/2004- S.O.785(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified the project or scheme for running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan as an eligible project or scheme Notification No. 183/2004 Dated 5 th July, 2004 S.O.785(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.862(E) dated the 12th December, 1997, 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 2, the project or scheme for running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan, by Narayan Seva Sansthan, Seva Dham , 483, Hiran Magri, Sector-4, Udaipur, Rajasthan, as an eligible project or scheme for a period of three years beginning with assessment year 1998-1999 and which was extended further vide notification number S.0.508(E) dated the 26 th May 2000; And, whereas, the said project or scheme is likely to extend beyond six 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 property, 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 amending the project cost from ₹ 4.91 crore to ₹ 10.00 crore including a corpus fund of ₹ 2.00 crore; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) of, 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 for running of Polio Hospital, Rehabilitation and Research Centre at Hiran Magri, Sector-4, Udaipur, Rajasthan which is being carried out by Narayan Seva Sansthan, Seva Dham , 483 Hiran Magri, Sectop-4, Udaipur, Rajasthan as an eligible project or scheme for a further period of three years commencing from the financial year 2003-2004: and (b) further amends the said notification number S.O.862(E) dated the 12 th December, 1997, to the following effect, namely:- In the said notification, in the Table against serial number 2, in column (4). relating to maximum cost for which allowed, for the letters, figures and word ''₹ 2.91 crore plus a corpus fund of ₹ 2.00 crores only the letters, figures and word ₹ 10.00 crores including a corpus fund of ₹ 2.00 crores shall be substituted- Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004