Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Akshar centre for hearing impaired" by Akshar Trust as an eligible project or scheme - S.O. 1463(E) - Income Tax

Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Akshar centre for hearing impaired" by Akshar Trust as an eligible project or scheme Notification No. S.O. 1463(E) [F.No. NC-274/09/2008] Dated 17-6-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E) dated the 8th August, 2005, 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 notified at serial number 7, "Akshar centre for hearing impaired" by Akshar Trust, Meghdoot. R.C. Dutt Road, Alkapuri, Baroda-390 007, as an eligible project or scheme for a period of three years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond three 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 extending 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 notifies the scheme or project "Akshar centre for hearing impaired" being carried out by Akshar centre for hearing impaired" by Akshar Trust, Meghdoot, R.C Dutt Road, Alkapuri, Baroda-390 007, without any change in the approved cost of Rs. 62.61 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.