Exemption u/s 35AC - Central Govt. had specified for Construction of Gurukul or Gyan Mandir and Health Care clinic- Ahmedabad, by Sri Simandhar Swami Aradhana Trust as an eligible project or scheme - 149/2004 - Income Tax

Exemption u/s 35AC - Central Govt. had specified for Construction of Gurukul or Gyan Mandir and Health Care clinic- Ahmedabad, by Sri Simandhar Swami Aradhana Trust as an eligible project or scheme Notification No. 149 of 2004, dt. 20th May, 2004 S.O. 606 (E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.60(E) dated the 22nd January, 2003 Issued under sub-section(i) of, 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, for Construction or expansion and running of Gurukul or Gyan Mandir and Health Care clinic, by Sri Simandhar Swami Aradhana Trust, 5, Mamta Park Society, Behind Navgujarat College, Usmanpura, Ahmedabad-380014, as an eligible project or scheme for a period of two years beginning with assessment year 2003-2004; And whereas the said project or scheme is likely to extend beyond two 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 or expansion and running of Gurukul or Gyan Mandir and Health Care clinic, which is being carried out by Sri Simandhar Swami Aradhana Trust, 5, Mamta Park Society, Behind Navgujarat College, Usmanpura, Ahmedabad-380014, at the estimated cost of rupees two crores twenty eight lakhs fifty four thousand only, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005. F.N6. NC-395/2003