SECTION 35AC, READ WITH EXPLANATION (b) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – THE NATIONAL ASSOCIATION FOR THE BLIND, BANGALORE
NOTIFICATION NO. 102/2012 [F. NO. V- 27015/4/2012-SO(NAT.COM)]/S.O. 632(E), DATED 12-3-2013
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.614 (E) dated 18th March, 2010, 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 6, “(i) Rehabilitation & basic training centre/industrial training centre for the blind and deaf, (ii) Department of Employment & Placement service” by The National Association for the Blind, Karnataka Branch, The NAB Rehabilitation Complex, C A Site no.4, Jeevan Bima Nagar, NAB Road, Bangalore 560 075, Karnataka, 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby notifies the scheme or project “(i) Rehabilitation & basic training centre/industrial training centre for the blind and deaf, (ii) Department of Employment & Placement service” which is being carried out by The National Association for the Blind, Karnataka Branch, The NAB Rehabilitation Complex, C A Site no.4, Jeevan Bima Nagar, NAB Road, Bangalore 560075, Karnataka, without any change in the approved cost of Rs. 1.16 crore including a corpus fund of Rs. 29 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.
