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Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" by People for Animals as an eligible project or scheme - S.O. 1466(E) - Income TaxExtract Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" by People for Animals as an eligible project or scheme Notification No. S.O. 1466(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 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, "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" by People for Animals, 14, Ashoka Road, New Delhi-110 001, as an eligible project or scheme for a period of three years with assessment year 2003-04 and which was extended further vide notification number S.O. 1599(E) dated the 14th November, 2005 for a period of three years beginning with financial year 2005-06; 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 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 "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" being carried out by People for Animals, 14, Ashoka Road, New Delhi-110 001, without any change in the approved cost of Rs. 490.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.
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