Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of building for SpecialSchool, Hostel and Staff Quarters for the Mentally Handicapped at PadapalakaluruVillage, Andhra Pradesh by Sri Dakshinaya Bhava Samithi - 370/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of building for Special School , Hostel and Staff Quarters for the Mentally Handicapped at Padapalakaluru Village , Andhra Pradesh by Sri Dakshinaya Bhava Samithi NOTIFICATION NO. 370 Dated 9th December. 2002 S.O. 1278(E) - Whereas by notification of the Government of India in the Ministry of Finance number S.0.154(E) dated the 23rd February, 2000, 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 specified at serial number 2, for Construction of building for Special School, Hostel and Staff Quarters, purchase of equipments, furnishing and running of Dakshinya Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh by Sri Dakshinaya Bhava Samithi, D.No. 4-2-16, 4th Lane, Lakshmipuram, Guntur-522007 (Andhra Pradesh) as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001; And whereas the said project or scheme is likely to extend beyond three years; And whereas, the National Committee, 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 (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 of Construction of building for Special School, Hostel and Staff Quarters, purchase of equipments, furnishing and running of Dakshinya Institute for the Mentally Handicapped at Padapalakaluru Village, Guntur, Andhra Pradesh which is being carried out by Sri Dakshinaya Bhava Samithi, D.No. 4-2-16, 4th Lane, Lakshmipuram, Guntur-522007 (Andhra Pradesh) at the estimated cost of rupees two crore sixty seven lakhs and eighty thousand only, as an eligible project or scheme for a further period of three years commencing from assessment year 2003-2004. Sd/- (G.C.Srivastava) Secretary (National Committee) F.No. NC-113/2002