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. 62/2010[F. NO. V-27015/2/2010-SO (NAT.COM)]/ S.O. NO. 1789(E), DATED 21-7-2010
WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 224(E), dated the 16th 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 3, for World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla Road, New Delhi, as an eligible project or scheme for a period of two years beginning with assessment year 1994-95 which was extended further vide Notification Number S.O. 297(E), dated the 14th April, 1995 for a period of three years beginning with assessment year 1996-97 which was extended further vide Notification Number S.O. 916(E), dated the 29th December, 1997 for a period of three years beginning with assessment year 1999-2000 which was extended further vide Notification Number S.O. 566(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-03 which was extended further vide Notification Number S.O. 132(E), dated the 22nd February, 2005 for a period of three years beginning with financial year 2004-05 and which was extended further vide Notification Number S.O. 487(E), dated 29-3-2007 for a period of three years beginning with financial year 2007-08;
AND WHEREAS by notification number S.O. 566(E), dated the 20th June, 2001 the estimated cost was enhanced from Rs. 40,41,600 to Rs. 338.19 lakhs;
AND WHEREAS the said project or scheme is likely to extend beyond seventeen 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 World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi which is being carried out by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla Road, New Delhi, without any change in the approved cost of Rs. 338.19 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2010-11 i.e. 2010-11, 2011-12 and 2012-13.
