Sponsored
NOTIFICATION NO. 117/2007, DATED 29-3-2007
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 844(E), dated the 17th October, 1995, 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 14, for Running expenses for Mata Gujari Old Age Home-cum-Orphanage at Village Khanpur, District Ropar, Punjab by Nishkam Sikh Welfare Council, BF-33, Tagore Garden, New Delhi-110027, as an eligible project or scheme for a period of two years beginning with assessment year 1996-97 which was extended further vide notification number S.O.259(E), dated the 27th March, 1997, for a period of three year beginning with assessment year 1998-99 which was extended further vide notification number S.O.924(E), dated the 20th September, 2001, for a period of three year beginning with assessment year 2001-02 and which was extended further vide notification number S.O.724(E), dated the 23rd June, 2004 for a period of three year beginning with financial year 2003-04;
AND WHEREAS by notification number S.O. 924(E), dated the 20th September, 2001 the estimated cost was enhanced from Rs. 27.36 lakhs to Rs. 99.00 lakhs and notification number S.O.724(E), dated the 23rd June, 2004 the estimated cost was enhanced from Rs.99.00 lakhs to Rs. 159.00 lakhs;
AND WHEREAS the said project or scheme is likely to extend beyond twelve 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 Running expenses for Mata Gujari Old Age Home-cum-Orphanage at Village Khanpur, District Ropar, Punjab, which is being carried out by Nishkam Sikh Welfare Council, BF-33, Tagore Garden, New Delhi-110027, without any change in the approved cost of Rs. 159.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07.
[F.No.NC-274/3/2007]
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
