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Exemption u/s 35 AC - Central Government had specified the scheme of SOS children's village of India, New Delhi for administration and maintenance of 27 existing villages and family environment to destitute orphaned and abandoned children as an eligible project or scheme - S.O.390(E) - Income TaxExtract Exemption u/s 35 AC - Central Government had specified the scheme of SOS children's village of India, New Delhi for administration and maintenance of 27 existing villages and family environment to destitute orphaned and abandoned children as an eligible project or scheme NOTIFICATION NO. S.O.390 ( E ) DATED 19-5-1997 Whereas by Notification Number S. O. 267(E), dated 29th March, 1994, issued under clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified the scheme of SOS children's village of India, A-38, Kailash Colony, New Delhi-110 048, for administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute orphaned and abandoned children as an eligible project or scheme for a period of three years commencing from the assessment year 1995-96; And whereas the said project or scheme is likely to extend beyond three years; 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 Explanation to section 33AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme of SOS children's village of India, A-38, Kailash Colony, New Delhi-110 048, for administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute, orphaned and abandoned children at the estimated cost of rupees thirty-two crores ninety-one lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1998-99, i.e., 1999-2000 and 2000-2001. [No. 10354/F. No. NC-62/97]
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