Exemption u/s 35AC – Amendments in Notification no. SO 92(E), dated the February 2, 1996- projects of 'Conduct eye operation, polio operation camps, oxygen cylinder seva and ambulance service all over Gujarat' by Karuna Trust, Ahmedabad

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.... notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 92(E), dated the February 2, 1996, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had notified at serial number 5, 'Conduct eye operation, polio operation camps, oxygen cylinder seva and ambulance service all over Gujarat....

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....whereas the said project or scheme is likely to extend beyond twelve years; And, whereas, the National Committee for the 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 extending the said project or scheme for a further period of thre....