SECTION 35AC, READ WITH EXPLANATION (B) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES -NAV BHARAT JAGRITI KENDRA, HAJARIBAG
NOTIFICATION NO. 80/2012 [F. NO. V.27015/3/2012-SO (NAT.COM)]/S.O. 2408(E), DATED 9-10-2012
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1365(E) dated 27th November, 2003, 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 4, “Education and Health support Scheme for Children of poor and socially marginalized class” by Nav Bharat Jagriti Kendra, Head Office Village Bahera, PO Brindvan, Via Chouparan, District Hazaribag – 825301 (Jharkhand), as an eligible project or scheme for a period of three year beginning with assessment year 2004-2005, which was extended further vide notification number S.O.242(E) dated the 15th February, 2007 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 2609(E) dated 14th October, 2009 for a period of three years beginning with financial year 2009-10;
And whereas the said project or scheme is likely to extend beyond nine 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 “Education and Health support Scheme for Children of poor and socially marginalized class” which is being carried out by Nav Bharat Jagriti Kendra, Head Office Village Bahera, PO Brindvan, Via Chouparan, District Hazaribag – 825301 (Jharkhand), without any change in the approved cost of Rs. 39.00 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e. 2012-13,2013-14 & 2014-15.
