NOTIFICATION No. 145/2005, Dated 25-5-2005

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.844(E) dated the 17^th October, 1995, 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 specified at serial number 4, for Venu Eye Institute and Research Centre at Sheikh Sarai, New Delhi, by Venu Charitable Society, C-40, South Extension, Part-II, New Delhi, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.224(E) dated the 1^st April, 1999 for a period of three years beginning with assessment year 1999-2000 and which was extended further vide notification number S.O.I048(E) dated the 18^th October, 2001 for a period of three years beginning with assessment year 2002-2003;

And whereas the said project or scheme is likely to extend beyond nine 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 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 subsection (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 project for Venu Eye Institute and Research Centre at Sheikh Sarai, New Delhi which is being carried out by Venu Charitable Society, C-40, South Extension, Part-II, New Delhi, without any change in the approved cost i.e. Rs. 1260.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2004-2005.

[F.No. NC-270/11/2005]