Exemption u/s 35AC - Central Government notified "KG crusade against childhood blindness" by K. Govindaswamy Naidu Memorial Trust, 5, Govt Arts College Road, Coimbatore' as an eligible project or scheme.

NOTIFICATION

New Delhi, the 21st January, 2009

S.O. 251(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.708(E) dated the 25th May, 2005, issued under sub-section (1) read with 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 9, "KG crusade against childhood blindness" by K. Govindaswamy Naidu Memorial Trust, 5, Govt Arts College Road, Coimbatore'641010, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006;

And whereas the said Project or Scheme is likely to extend beyond three years;

And whereas the National Committee for 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 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 notifies the scheme or project "KG crusade against childhood blindness" being carried out by K. Govindaswamy Naidu Memorial Trust, 5, Govt. Arts College Road, Coimbatore-641018, without any change in the approved cost of Rs. l.22 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009 i.e. 2008-2009,2009-2010 and 2010-2011.

[No. 22/2009/F.No.NC-274/17/2008]

NAVEEN CHANDRA, Director (National Committee)