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. 65/2010[F. NO. V-27015/2/2010-SO (NAT.COM)]/ S.O. NO. 1792(E), DATED 21-7-2010

WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 81(E), dated the 24th January, 2005, 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 4, for Childline India Foundation by Childline India Foundation, 2nd Floor, Nanachowk Municipal School, Frere Bridge Low Level, Near Grant Road Station, Mumbai-400 007, as an eligible project or scheme for a period of three years beginning with financial year 2004-05 and which was extended further vide Notification Number 1159(E), dated 16th July, 2007 for a period of three years beginning with financial year 2007-08;

AND WHEREAS the said project or scheme is likely to extend beyond six 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 Childline India Foundation, which is being carried out by Childline India Foundation, 2nd Floor, Nanachowk Municipal School, Frere Bridge Low Level, Near Grant Road Station, Mumbai-400 007, without any change in the approved cost of Rs. 2.66 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2010-11 i.e., 2010-11, 2011-12 and 2012-13.

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Category : Income Tax (27608)
Type : Notifications (15849) Notifications/Circulars (31996)

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