Exemption u/s 35AC - Health project for villagers in rural area of Mewat, by Deepalaya, New Delhi, notified as eligible project - 302/2006 - Income Tax

Exemption u/s 35AC - Health project for villagers in rural area of Mewat, by Deepalaya, New Delhi, notified as eligible project NOTIFICATION No. 302/2006, dated 26-10-2006 Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 68(E), dated the 14th January, 2004, 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 10, for Construction of building for dispensary, purchase of furniture and equipments, van and running of health project for villagers in rural area of Mewat, by Deepalaya, 46, Institutional Area, D-Block, Janakpuri, New Delhi-110058, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05 ; And whereas the said project or scheme is likely to extend beyond three 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 Construction of building for dispensary, purchase of furniture and equipments, van and running of health project for villagers in rural area of Mewat which is being carried out by Deepalaya, 46, Institutional Area, D-Block, Janakpuri, New Delhi-110058, without any change in the approved cost of Rs.97.18 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]