Exemption u/s 35AC - Central Govt. had specified for running of Arpan Eye Bank at Ghatkopar(E), Bombay, by Arpan Trust as an eligible project or scheme - Amendment in N. No S.O. 839(E) dated the 22nd November, 1994 - 266/2003- S.O.1254(E) - Income Tax

Exemption under section 35AC extended and approved project cost increased for a specified charitable eye bank.

The Central Government specifies the Arpan Eye Bank run by Arpan Trust as an eligible project under section 35AC for a further three years beginning with assessment year 2004-2005 and, following the National Committee recommendation under rule 11M, increases the maximum amount of project cost allowable as a deduction under section 35AC; the original notification is amended to reflect the enhanced approved cost and the extension of the period of specification.