Exemption u/s 35AC - Central Government had specified for construction and furnishing of Sports Hostels "Faquir Kutir" for resource persons and "Arohan" for the youth by Sri Aurobindo Ashram-Delhi Branch, New Delhi, as an eligible project or scheme

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....l Government had specified for construction and furnishing of Sports Hostels "Faquir Kutir" for resource persons and "Arohan" for the youth by Sri Aurobindo Ashram-Delhi Branch, New Delhi, as an eligible project or scheme NOTIFICATION NO. S.O.540(E)  DATED 20-6-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 471(E), dated the 26th May, 1995....

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....t 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 ....