NOTIFICATION NO. 225/2006, DATED 4-9-2006

S.O. 1407(E).– Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O.469(E), dated the 2nd July 1996, 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 4, for Mid-day Meal Scheme in three schools of Bangalore by Maria Seva Sangha, Villa Maria, No. 12, Rest House Road, Bangalore-560 001, as an eligible project or scheme for a period of three years beginning with assessment year 1997-98 which was extended further vide Notification Number S.O. 317(E), dated the 11th May, 1999 for a period of two years beginning with Assessment Year 2000-01 which was extended further vide Notification Number S.O. 552(E), dated the 20th June, 2001 for a period of two years beginning with Assessment Year 2002-03 which was extended further vide Notification Number S.O. 688(E), dated the 13th June, 2003 for a period of one year beginning with Assessment Year 2004-05 and which was extended further vide Notification Number S.O. 398(E), dated the 23rd March, 2005 for a period of two years beginning with financial year 2004-05;

AND WHEREAS by Notification Number S.O. 260(E), dated the 29th March, 1997 the estimated cost was enhanced from Rs. 2.30 lakhs to Rs. 15,00 lakhs which was further enhanced vide Notification No. S.O. 1371(E), dated the 27th November, 2003 from Rs.15.00 lakhs to Rs. 30.00 lakhs;

AND WHEREAS the said project or scheme is likely to extend beyond ten 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 and amending the project cost from “Rs.30.00 lakhs” to Rs. 50.00 lakhs;

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 specifies the scheme or project for Mid-day Meal Scheme in three schools of Bangalore, which is being carried out by Maria Seva Sangha, Villa Maria, No. 12, Rest House Road, Bangalore-560001 as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07; and

(b) further amends the said Notification Number S.O. 469(E), dated the 2nd July, 1996, to the following effect, namely :-

In the said notification, in the Table against serial number 4, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and words Rs. 30.00 lakhs, the letters, figures and words Rs. 50.00 lakhs shall be substituted.

[F. No. NC-274/2/2006]

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