Exemption u/s 35AC - Central Government had specified for the construction, equipments, furnishing and running of vocational training centre by The Bombay Young Men's Christian Association, Bombay, as an eligible project or scheme

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....ied for the construction, equipments, furnishing and running of vocational training centre by The Bombay Young Men's Christian Association, Bombay, as an eligible project or scheme NOTIFICATION NO. 11493  DATED 21-9-2000 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 791(E) dated the 18th September, 1995 [published at (1995) 128 CTR (St) 8],....

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.... 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 Act,....