Exemption u/s 35AC - Central Govt. had specified for Construction of a school building, and running of SOS Children's Villages at Tambaram East, Chennai. Tamil Nadu, by SOS Children's Villages of India as an eligible project or scheme - 191/2004- S.O.793(E) - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Construction of a school building, and running of SOS Children's Villages at Tambaram East, Chennai. Tamil Nadu, by SOS Children's Villages of India as an eligible project or scheme Notification No. 191/2004 Dated 5 th July, 2004 S.O.793(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.676(E) dated the 11 th August, 1998, 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 8, for Construction of a school building, and running of SOS Children's Villages at Tambaram East, Chennai. Tamil Nadu, by SOS Children's Villages of India - Chatnath Homes, 7, Raja Krishna Rao Road. Teynampet, Chennai - 600018, at the estimated cost of rupees sixty lakhs only as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.0.568(E) dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas the said project or scheme is likely to extend beyond six 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 (i) 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 a school building, and running of SOS Children's Villages at Tambaram East, Chennai, Tamil Nadu, which is being carried out by SOS Children's Villages of India -Chatnath Homes, 7, Raja Krishna Rao Road, Teynampet, Chennai - 600018, without any change in the approved cost as an eligible project or 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