Exemption u/s 35AC - Central Government had specified for construction and running of Phase-II of Rehabilitation Centre for handicapped at Ayikudy, Sencottai Taluk, Tirunelveli District of Tamilnadu as an eligible project or scheme - S. O. 412(E) - Income Tax

Exemption u/s 35AC - Central Government had specified for construction and running of Phase-II of Rehabilitation Centre for handicapped at Ayikudy, Sencottai Taluk, Tirunelveli District of Tamilnadu as an eligible project or scheme NOTIFICATION NO. S. O. 412 ( E ) DATED 15-5-1998 Whereas by Notification Number S. O. 521(E), dated 14th July, 1994, 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 specified at serial number 2, construction and running of Phase-II of Rehabilitation Centre for handicapped at Ayikudy, Sencottai Taluk, Tirunelveli District of Tamilnadu comprising,---( a ) expansion of home for handicapped; ( b ) addition of new rooms to school to provide education upto 8th standard; ( c ) establishment of physiotherapy and vocational centre of Amar Seva Sangam, Post Box No. 001, Sulochana Gardens, 7-4-104B, Tenkasi Road, Ayikudy-627852 as an eligible project or scheme for a period of three years beginning with 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 sub-section (1) read with clause ( b ) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project of construction and running of Phase-II of Rehabilitation Centre for handicapped at Ayikudy, Sencottai Taluk, Tirunelveli District of Tamilnadu comprising,---( a ) expansion of home for handicapped; ( b ) addition of new rooms to school to provide education upto 8th standard; ( c ) establishment of physiotherapy and vocational centre of Amar Seva Sangam, Post Box No. 001, Sulochana Gardens, 7-4-104B, Tenkasi Road, Ayikudy-627 852 at the estimated cost of rupees fifty-four lakhs seven thousand only as an eligible project or scheme for a further period of three assessment years commencing from the assessment year 1998-1999. [No. 10596/F. No. NC-29/98]