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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....n 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, 19951, issued under clause (b) of the Explanation to sect....

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...., 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 p....