Exemption u/s 35 AC - Central Government had specified the project of Nishkam Sikh Welfare Council (Regd.), New Delhi for construction of Mata Gujari Old Age Home-cum-Orphanage at village Khanpur, District Ropar, Punjab, to be an eligible project or scheme - S.O.262(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified the project of Nishkam Sikh Welfare Council (Regd.), New Delhi for construction of Mata Gujari Old Age Home-cum-Orphanage at village Khanpur, District Ropar, Punjab, to be an eligible project or scheme NOTIFICATION NO. S.O.262 ( E ) DATED 27-3-1997 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), No. S. O. 224(E), dated 16th March, 1994, further amended, vide S. O. 219(E), dated 19th March, 1996, under clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government on the recommendation of the National Committee, specified the project of Nishkam Sikh Welfare Council (Regd.), BF-33, Tagore Garden, New Delhi-110 027, for construction of Mata Gujari Old Age Home-cum-Orphanage at village Khanpur, District Ropar, Punjab, to be an eligible project or scheme for a further period of one year in relation to the assessment year 1997-98. And whereas the said project or scheme is likely to extend beyond one year; And whereas the National Committee 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 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 clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), read with sub-rule (5) of rule 11M of the Income-tax Rules, 1962, on the recommendation of the National Committee the Central Government hereby approves the Institution Nishkam Sikh Welfare Council (Regd.), BF-33, Tagore Garden, New Delhi-110 027, and specifies the eligible projects and schemes for construction of Mata Gujari Old Age Home-cum-Orphanage at village Khanpur, District Ropar, Punjab, at the estimated cost of rupees sixty-seven lakhs and eighty-five thousand only for a further period of three assessment years commencing from the assessment year 1998-99, i.e., 1998-99, 1999-2000 and 2000-2001. [No. 10323/F. No. NC-16/97]