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NOTIFICATION NO. 116/2007, DATED 29-3-2007
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.198(E), dated the 12th March, 1998, 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 3, for purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra, by “Savali” (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S.No. 133, Kothrud, Pune-411029, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99 which was extended further vide notification number S.O.857(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. 607(E), dated the 20th May, 2004 for a period of three year beginning with financial year 2003-04;
AND WHEREAS the said project or scheme is likely to extend beyond nine 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 purchase of equipments and running of socio-economic promotion of cerebral palsied children and adults through education, institutional care, training and vocational guidance at Kothrud, Pune, Maharashtra, which is being carried out by “Savali” (Association for Mentally Retarded and Cerebral Palsy Children), Alankar Plot No. 14, S.No. 133, Kothrud, Pune-411029, without any change in the approved cost of Rs. 71.21 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07.
[F.No.NC-274/3/2007]
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