Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Iskon Food Relief Foundation, Mumbai

Notification No.21/2012[F.No.V-27015/1/2012-SO (NAT.COM)]/S.O. 476(E), dated 16-3-2012

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 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 25, “Mid-day meal project in Andhra Pradesh” by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai – 400 049, 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. “Mid-day meal project in Andhra Pradesh” which is being carried out by lskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai – 400 049, without any change in the approved cost of Rs. 20.74 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.

More Under Income Tax

Posted Under

Category : Income Tax (27269)
Type : Notifications (15786) Notifications/Circulars (31743)

Leave a Reply

Your email address will not be published. Required fields are marked *