Exemption u/s 35AC of the income tax act 1961, the central govt. had specified for "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" by Siva Sakhti Sathya Sai Charitable Trust as an eligible project or scheme - S.O. 1464(E) - Income Tax

Exemption u/s 35AC of the income tax act 1961, the central govt. had specified for "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" by Siva Sakhti Sathya Sai Charitable Trust as an eligible project or scheme Notification No. S.O. 1464(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. 60(E) dated the 22nd January, 2003, issued under 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 1, "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" by Siva Sakhti Sathya Sai Charitable Trust, No. 3, Ponniyamman Koil Stree, Alapakkam, Chennai-600 116, as an eligible project or scheme for a period of three years beginning with assessment year 2003-04 and which was extended further vide notification number S.O. 1005(E) dated the 5th July, 2006 for a period of two years beginning with financial year 2006-07; And whereas the said project or scheme is likely to extend beyond five years; And, whereas , the National Committee for the 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 "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" being carried out by Siva Sakhti Sathya Sai Charitable Trust, No. 3, Ponniyamman Koil Stree, Alapakkam, Chennai-600116, without any change in the approved cost of Rs. 800.00 lakh (corpus fund), as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.