Exemption u/s 35AC - Central Government had specified for land development, construction, furnishing, equipment and running of Shree Nirmal Vivek Institute, by Society for Welfare of Mentally Handicapped, Jaipur, as an eligible project or scheme - S.O.545(E) - Income Tax

Shree Nirmal Vivek Institute Project Receives Three-Year Extension Under Section 35AC of Income-tax Act.

The Central Government has designated the project for land development, construction, furnishing, equipment, and operation of Shree Nirmal Vivek Institute in Jaipur as an eligible scheme under section 35AC of the Income-tax Act, 1961. This project, managed by the Society for Welfare of Mentally Handicapped, was initially approved for three years starting from the assessment year 1996-97, with extensions granted for subsequent periods. The National Committee, satisfied with the project's execution, recommended further extension. Consequently, the project is approved for an additional three years starting from the assessment year 2002-2003, with an estimated cost of fifty-three lakhs.