NOTIFICATION NO. 34/2007, DATED 15-2-2007
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Number S.O. 308(E), dated the 11th May, 1999, 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 7, for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401 as an eligible project or scheme for a period of three years beginning with assessment years 2000-01 and which was extended further vide notification Number S.O.898(E), dated the 5th August, 2003 for a period of three years beginning with assessment year 2003-04;
AND WHEREAS by notification Number S.O. 898(E), dated the 5th August, 2003 the estimated cost was enhanced from Rs. 5.00 lakhs to Rs. 10.36 lakhs;
AND WHEREAS the said project or scheme is likely to extend beyond six 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal which is being carried out by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401, without any change in the approved cost of Rs. 10.36 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2006-07 and financial year 2005-06 is already over and no donation can be collected for that financial year.
[F. No. NC-274/04/2006]
