Exemption u/s 35AC - Central Government had specified for construction of swimming pool complex with facilities of boarding and lodging for the swimmers and a modern gymnasium and running of Academy, by Basavanagudi Aquatic Centre, Bangalore, as an eligible project or scheme

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....d specified for construction of swimming pool complex with facilities of boarding and lodging for the swimmers and a modern gymnasium and running of Academy, by Basavanagudi Aquatic Centre, Bangalore, as an eligible project or scheme NOTIFICATION NO. S.O.915(E) DATED 20-9-2001 Whereas by notification of the Government of India in the Ministry of Finance No. S.O. 402(E), dated the 3rd May, 1995....

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....d beyond six years; And whereas the National Committee has, 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 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-sectio....