SECTION 35AC, READ WITH EXPLANATION (B) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – NOIDA LOK MANCH, NOIDA
NOTIFICATION NO. 83/2012 [F. NO. V.27015/3/2012-SO (NAT.COM)]/S.O. 2411(E), DATED 9-10-2012
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2907(E) dated 17th November, 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 9, “(i) Noida Public Library, (ii) Sanskar Kendra School, Hoshiarpur Village, Sector 51, Noida, (iii) Sanskar Kendra School, Ghari Chawkandi, Sector-68, Noida, (iv) Sanskar Kendra School, Sarka Village, Noida” by Noida Lok Manch, D-134, Sector 15, Noida-201301, as an eligible project or scheme for a period of three years beginning with financial year 2009-10;
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), (a) hereby notifies the scheme or project “(i) Noida Public Library, (ii) Sanskar Kendra School, Hoshiarpur Village, Sector 51, Noida, (iii) Sanskar Kendra School,Ghari Chawkandi, Sector-68, Noida, (iv) Sanskar Kendra School, Sarka Village, Noida” which is being carried out by Noida Lok Manch, D-134, Sector 15, Noida-201301, without any change in the approved cost of Rs. 169 lakh and Rs. 155 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.
