KG CRUSADE AGAINST CHILDHOOD BLINDNESS BY K. GOVINDASWAMY NAIDU MEMORIAL TRUST, COIMBATORE NOTIFIED AS AN ELIGIBLE SCHEME OR PROJECT UNDER SECTION 35AC
Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
Notification No. 31/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 872(E), Dated 27-4-2011
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 – 641018, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification number S.O. 251(E), dated 21st January, 2009 for further period of three years beginning with financial year 2008-09;
AND WHEREAS the said project or scheme is likely to extend beyond six 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” which is 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. 1.22 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e. 2011-12, 2012-13 & 2013-14.
