Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Land development and construction of school/vocational training centre building for mentally handicapped children by Parents Association for the Welfare of Children with Mental Handicap - 324/2002 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Land development and construction of school/vocational training centre building for mentally handicapped children by Parents Association for the Welfare of Children with Mental Handicap Notification No. 324 of 2002 Dated. 24th Oct., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 422(E) dated the 19th May, 1998, 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 8, for Land development and construction of school/vocational training centre building for mentally handicapped children at Sector B, Site No. 3, Vasant Kunj, New Delhi by Parents Association for the Welfare of Children with Mental Handicap, Genetic Unit, Department of Paediatric, A.I.I.M.S., Ansari Nagar, New Delhi110029, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000; 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 Land development and construction of school/vocational training centre building for mentally handicapped children at Sector B, Site No. 3, Vasant Kunj, New Delhi which is being carried out by Parents Association for the Welfare of Children with Mental Handicap, Genetic Unit, Department of Paediatric, A.I.I.M.S., Ansari Nagar, New Delhi-110029, at the estimated cost of rupees two hundred lakhs only, as an eligible project or scheme for a further period of three years commencing from assessment year 2002-2003. [F.No. NC-90/2002]