NOTIFICATIONS
INCOME-TAX ACT
Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
NOTIFICATION NO. 35/2010 [F.NO. V-27015/1/2010-SO (NAT.COM)]/S.O. 1136(E), DATED 17-5-2010
WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 1501(E), dated 7th September, 2007, 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 10, for Educational, Vocational, Medical, Social & Economic Development of the disabled and SC Community by Social Service Centre, No. 3/271, Bharathidasan Street, Ganapathy Nagar, Vandalur, Chennai – 48 as an eligible project or scheme for a period of three years beginning with financial year 2007-08;
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 specifying the said project or scheme for a further period of two 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 infrastructure development for Educational, Vocational, Medical, Social & Economic Development of the disabled and SC Community is being carried out by Social Service Centre, No. 3/271, Bharathidasan Street, Ganapathy Nagar, Vandalur, Chennai-48, without any change in the approved cost of Rs. 2.62 crore, as an eligible project or scheme for a further period of two years commencing with financial year 2010-11 i.e., 2010-11 and 2011-12.
