Exemption u/s 35AC - Central Government had specified for construction, furnishing and running of South Block of Ashram Sravani Old Age Home and Eye-cum-General Hospital by Association for the Care of the Aged, Kakinada as an eligible project or scheme

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..... n, furnishing and running of South Block of Ashram Sravani Old Age Home and Eye-cum-General Hospital by Association for the Care of the Aged, Kakinada as an eligible project or scheme NOTIFICATION NO. 631(E) DATE 5-7-2000 Whereas by notification of the Government of India in the Ministry of Finance Number S. O. 973(E), dated 14th December, 1995, issued under clause (b) of the Explanation to se .....

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..... 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 of 1961), hereb .....

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