SECTION 35AC, READ WITH EXPLANATION (b) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – DR. AMBEDKAR VANVASI KALYAN TRUST, GUJARAT
NOTIFICATION NO. 104/2012 [F. NO. V- 27015/4/2012-SO(NAT.COM)]/S.O. 634(E), DATED 12-3-2013
Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1237(E) dated the 28th October, 2003, 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 5, “Running of hostel, medical, self-employment projects by Dr. Ambedkar Vanvasi Kalyan Trust” by Dr. Ambedkar Vanvasi Kalyan Trust, Near Choksi Vadi, Opp. Radha Krishna Temple, Rander Road, Surat, Gujarat – 395009, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005 and which was extended further vide notification number S.O.1160(E) dated the 16th July, 2007 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 1160 (E) dated 16th July, 2007 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 “Running of hostel, medical, self-employment projects by Dr. Ambedkar Vanvasi Kalyan Trust” which is being carried out by Dr. Ambedkar Vanvasi Kalyan Trust, Near Choksi Vadi, Opp. Radha Krishna Temple, Rander Road, Surat, Gujarat – 395009, without any change in the approved cost of Rs. 275.00 lakh (corpus fund), as an eligible project or scheme for a further period of three years beginning with financial year 2012-13 i.e. 2012-13, 2013-14 & 2014-15.
