Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Enhancing socio-economic status of Disabled at Ahmednagar District, Maharashtra" by National Society for Equal Opportunities for the Handicapped India as an eligible project or scheme - S.O. 1467(E) - Income Tax

Exemption u/s 35AC of the Income tax act 1961, the central govt. had specified for "Enhancing socio-economic status of Disabled at Ahmednagar District, Maharashtra" by National Society for Equal Opportunities for the Handicapped India as an eligible project or scheme Notification No. S.O. 1467(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. 676(E) dated the 11th August, 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 notified at serial number 10, "Enhancing socio-economic status of Disabled at Ahmednagar District, Maharashtra" by National Society for Equal Opportunities for the Handicapped India (NASEOH), Postal Colony Road, Chembur, Mumbai-400 071, as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O. 869(E) dated the 14th August, 2002 for a period of three years beginning with assessment year 2003-04 and which was extended further vide notification number S.O. 504(E) dated the 4th April, 2006 for a period of three years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond nine 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 "Enhancing socio-economic status of Disabled at Ahmednagar District, Maharashtra" being carried out by National Society for Equal Opportunities for the Handicapped India (NASEOH); Postal Colony Road, Chembur, Mumbai-400 071, without any change in the approved cost of Rs. 15.00 lakh plus a corpus fund of Rs. 50.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.