Exemption u/s 35AC - Central Govt. had specified the project of scheme for Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc. by Seth Doongarshi Nagji Trust as an eligible project or scheme - 184/2004- S.O.786(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified the project of scheme for Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc. by Seth Doongarshi Nagji Trust as an eligible project or scheme Notification No. 184/2004 Dated 5 th July, 2004 S.O.786(E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1124(E) dated the 29 th September, 2003, 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 1, the project of scheme for Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc. by Seth Doongarshi Nagji Trust, B/106, Neelam centre, Hind Cycle Road, Worli. Mumbai- 400025 at the estimated cost of rupees one crore sixty six lakhs fifty six thousand only, as an eligible project or scheme for a period of one year in relation to assessment year 2004-2005; And whereas the said project or scheme is likely to extend beyond one year; And whereas the National Committee for 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 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 Construction of building for Vridhashram, purchase of books, furniture, kitchen equipments etc, which is being carried out by Seth Doongarshi Nagji Trust, B/106, Neelam centre, Hind Cycle Road, Worli, Mumbai- 400025. without change in the approved cost as an eligible projector scheme for a further period of three years commencing from the financial year 2004-2005. Sd/- (Sunil Sharma) Deputy Secretary (National Committee) F.No.NC-69/2004