BJS EDUCATIONAL QUALITY IMPROVEMENT PROJECT (BJS-EDUQIP) BY BHARTIYA JAIN SANGHATANA, PUNE 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.18/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 859(E), DATED 27-4-2011
WHEREAS by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, issued under 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 35, BJS Educational Quality Improvement Project (BJS-EDUQIP) by Bhartiya Jain Sanghatana, Senapati Bapat Road, Opposite Hotel Sahara, Pune 411016, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
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 for BJS Educational Quality Improvement Project (BJS-EDUQIP) which is being carried out by Bhartiya Jain Sanghatana, Senapati Bapat Road, Opposite Hotel Sahara, Pune 411016, without any change in the approved cost of Rs. 17.63 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.