NOTIFICATION NO. 124/2007, DATED 29-3-2007
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 224(E), dated the 16th March, 1994, 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 3, for World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla road, New Delhi, as an eligible project or scheme for a period of two years beginning with assessment year 1994-95 which was extended further vide notification number S.O.297(E), dated the 14 April, 1995 for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O. 916(E), dated the 29th December, 1997 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.566(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification number S.O.132(E), dated the 22nd February, 2005 for a period of three years beginning with financial year 2004-05;
AND WHEREAS by notification number S.O.566 (E), dated the 20th June, 2001 the estimated cost was enhanced from Rs. 40,41,600 to Rs.338.19 lakhs,
AND WHEREAS the said project or scheme is likely to extend beyond fifteen 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 World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi which is being carried out by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla road, New Delhi, without any change in the approved cost of Rs. 338.19 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2007-08.
[F.No.NC-274/3/2007]
