Exemption u/s 35 AC - Central Government had specified Shri Sathya Sai Gramin Jagriti Seva Sadan (a Multi-dimensional Rural Welfare Project) including health care, education, sports, spiritual activities and vocational training at Chandigarh as an eligible project or scheme - S.O. 864(E) - Income Tax

Exemption u/s 35 AC - Central Government had specified Shri Sathya Sai Gramin Jagriti Seva Sadan (a Multi-dimensional Rural Welfare Project) including health care, education, sports, spiritual activities and vocational training at Chandigarh as an eligible project or scheme NOTIFICATION NO. S.O. 864 ( E ) DATED 12-12-1997 Whereas by Notification Number S. O. 15(E), dated the 11th January, 1994, as amended by S. O. 599(E), dated 19th August, 1994, and further amended by S. O. 822(E), dated 29th September, 1995, issued under sub-section (1) read with clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 12, Shri Sathya Sai Gramin Jagriti Seva Sadan (a Multi-dimensional Rural Welfare Project) including health care, education, sports, spiritual activities and vocational training at Village Darwa, District Yamuna Nagar, Haryana, of Shri Sathya Sai Gramin Jagriti Sai Sadan, H. No. 551, Sector 8B, Chandigarh-160018, as an eligible project or scheme for a period of three years commencing from the assessment year 1994-95; And whereas by Notification No. S. O. 864(E), dated the 27th October, 1995, the said project or scheme was specified as an eligible project or scheme without change in the approved cost for a further period of three years commencing from the assessment year 1996-97; And whereas the said project or scheme is likely to extend beyond five years; And whereas the National Committee, being satisfied that the said project or scheme is being exectuted 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 and enhancment of the approved cost from Rs. 31.00 lakhs to Rs. 70.00 lakh Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause ( b ) of Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of maintenance of Shri Sathya Sai Gramin Jagriti Seva Sadan (a Multi-dimensional Rural Welfare Project) including health care, education, sports, spiritual activities and vocational training at Village Darwa, District Yamuna Nagar, Haryana, which is being carried out by Shri Sathya Sai Gramin Jagriti Sai Sadan, H. No. 551, Sector 8B, Chandigarh-160018, at the estimated cost of rupees seventy lakhs only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1999-2000. [No. 10472/F. No. NC-141/97]