Exemption u/s 35AC- Central Govt. had specified for Construction,, furnishing and running of free school and hostel for destitute and rural blind children at Tiruchanur Village, Tirupati Rural, Andhra Pradesh by Navajeevan Blind Relief Centre as an eligible project or scheme - 238/2005 - Income Tax

Exemption u/s 35AC- Central Govt. had specified for Construction,, furnishing and running of free school and hostel for destitute and rural blind children at Tiruchanur Village, Tirupati Rural, Andhra Pradesh by Navajeevan Blind Relief Centre as an eligible project or scheme NOTIFICATION NO. 238/2005, DATED 14-11-2005 S.O.1600(E). Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.471(E), dated the 26th May, 1995, 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 1, for ( a ) Construction,, furnishing and running of free school and hostel for destitute and rural blind children; ( b ) Construction, furnishing and running of a rural Geriatric Block for 50 destitutes; ( c ) Primary health center for rural poor and children; and ( d ) Community kitchen and dining hall for inmates; at Tiruchanur Village, Tirupati Rural, Andhra Pradesh by Navajeevan Blind Relief Centre (Regd), 2-21 A, Saptagiri Ashram Tiruchanur Village Post Tirupati Rural-517503 as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.700(E), dated the 3rd October, 1997 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.911(E), dated the 20th September, 2001 for a period of three years beginning with assessment year 2002-2003; And whereas the saidproject or scheme is likely to extend beyond beyond nine years; And whereas the National Committee for Promotion of Social and Economic Welfare, being satisfied said project or scheme is being executed properly, made a further recommedation 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 two 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 ) Construction, furnishing and running of free school and hostel for destitute and rural blind children; ( b ) Construction, furnishing and running of a rural Geriatric Block for 50 destitutes; ( c ) Primary health center, for rural poor and children; and ( d ) Community kitchen and dining hall for inmates; at Tiruchanur Village, Tirupati Rural, Andhra Pradesh which is being carried out by Navajeevan Blind Relief Centre (Regd), 2-21A, Saptagiri Ashram Tiruchanur Village Post Tirupati Rural-517503, without any change in the approved cost i.e. Rs. 100.10 lakhs , as an eligible project or scheme for a further period of two years commencing from the financial year 2005-2006. [F. No. NC-270/269/2005]