Exemption u/s 35AC the C.G. had specified for the Education of the Crippled, Antop Hill School, by Society for Education of the Crippled (Child and Adult) as an eligible project or scheme - 293/2006 - Income Tax

Exemption u/s 35AC the C.G. had specified for the Education of the Crippled, Antop Hill School, by Society for Education of the Crippled (Child and Adult) as an eligible project or scheme NOTIFICATION No. 293/2006, dated 26-10-2006 S.O. 1826(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 521(E), dated the 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 8, for (a) Furnishing and running of Society for the Education of the Crippled Centre for Independent living; (b) Furnishing and running of Society for the Education of the Crippled, Antop Hill School, by Society for Education of the Crippled (Child and Adult), Agripada Municipal School Building, Multivai Street, Bombay-400001, as an eligible project or scheme for a period of three years beginning with assessment year 1995-1996 which was extended further vide notification number S.O. 216(E), dated the 17th March, 1997 for a period of three years beginning with assessment year 1998-99 which was extended further vide notification number S.O.859(E), dated the 21st September, 2000 for a period of three years beginning with assessment year 2001-02 and which was extended further vide notification number S.O. 526 (E), dated the 9th May, 2003 for a period of three years beginning with assessment year 2004-05; And whereas by Notification Number S.O. 526(E), dated the 9th May, 2003 the estimated cost was enhanced from ₹ 81.50 lakhs to ₹ 175.00 lakhs; And whereas the said project or scheme is likely to extend beyond twelve years; And whereas the National Committee for Promotion of Social and Economic Welfare, 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 for (a) Furnishing and running of Society for the Education of the Crippled Centre for Independent living; (b) Furnishing and running of Society for the Education of the Crippled, Antop Hill School which is being carried out by Society for Education of the Crippled (Child and Adult), Agripada Municipal School Building, Multivai Street, Bombay-400001, without any change in the approved cost of ₹ 175.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F. No. NC-274/03/2006]