Exemption u/s 35AC – Amendments in Notification no. SO 844(E), dated the October 17, 1995- projects of 'Equipments, furnishing and running of Residential Training Centre for mentally retarded persons at Sabarkantha District, Gujarat' by Sahyog Kushthayagna Trust, Gujarat

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..... 2008] dated 4-6-2008 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number SO 844(E), dated the October 17, 1995, 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 5, 'Equipments, furnishing and running of Reside .....

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..... estimated cost was enhanced from Rs. 17.43 lakh to Rs. 35.70 lakh and vide notification number SO 565(E), dated 20-6-2001 the estimated cost was further enhanced from Rs. 35.70 lakh to Rs. 93.30 lakh; And whereas the said project or scheme is likely to extend beyond twelve years; And, whereas, the National Committee for the Promotion of Social and Economic Welfare, being satisfied that the said .....

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..... beginning with financial year 2007-08. However, since the financial year 2007-08 has already elapsed, the approval shall not be valid for financial year 2007-08 in respect of funds collected during this financial year and no certificate for exemption of donation under section 35AC(1) of the Income-tax Act, 1961 shall be issued in respect of the financial year 2007-08; and (b) further amends the .....

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