Exemption u/s 35AC - Central Government had specified for Construction of building, purchase of equipments, furnishing-fixtures and running of Vruddhashram (Jeevan Sandhya Sushrusha Dham), Gujarat by Bhavnagar Vruddhashram Trust as an eligible project or scheme

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..... ernment had specified for Construction of building, purchase of equipments, furnishing-fixtures and running of Vruddhashram (Jeevan Sandhya Sushrusha Dham), Gujarat by Bhavnagar Vruddhashram Trust as an eligible project or scheme Notification No. 116 of 2003, dt 9th May, 2003 S.O. 525(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Rev .....

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..... ject 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 .....

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