NOTIFICATION NO. 162/2006, DATED 5-7-2006
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 267(E), dated the 29th March, 1994, 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 6, for Administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute orphaned and abandoned children by SOS Children’s village of India, A-38, Kailash Colony, New Delhi-110048, as an eligible project or scheme for a period of three years beginning with assessment year 1995-1996 which was extended further vide notification number S.O. 390(E), dated the 19th May, 1997 for a period of three years beginning with assessment year 1998-1999 which was extended further vide notification number S.O. 852(E), dated the 21st September, 2000 for a period of three years beginning with assessment year 2001-2002 which was extended further vide notification number S.O. 527(E), dated the 9th May, 2003 for a period of three years beginning with assessment year 2004-2005;
And whereas by notification number S.O. 1604(E), dated the 14th November, 2005 the estimated cost was amended from Rs. 3291.00 lakhs to Rs. 4791.00 lakhs ;
And whereas the said project or scheme is likely to extend beyond twelve 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 sub- section (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 Administration and maintenance of 27 existing villages for providing free clothing, education and shelter and family environment to destitute orphaned and abandoned children which is being carried out by SOS Children’s village of India, A-38, Kailash Colony, New Delhi-110048, without any change in the approved cost of Rs. 4791.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-2007.
[F.NO. NC-274/01/2006]
