NOTIFICATION NO. 5/2006, DATED 3-2-2006

S.O. (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1140(E), dated the 18th November, 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 6, for Construction of building, furnishing, purchase of equipments for setting up Rotary Blood Bank Project at Tughlakabad Institutional Area, New Delhi, by Rotary District 3010 Social Welfare Society, M-143, Greater Kailash Part-II, New Delhi-110048, as an eligible project or scheme for a period of three years beginning with assessment year 2000-2001 which was extended further vide notification number S.O.615(E) dated the 7th June, 2002 for a period of three years beginning with assessment year 2003-2004;

And whereas the said project or scheme is likely to extend beyond six years;
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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 Construction of building, furnishing, purchase of equipments for setting up Rotary Blood Bank Project at Tughlakabad Institutional Area, New Delhi which is being carried out by Rotary District 3010 Social Welfare Society, M-143, Greater Kailash Part-II, New Delhi-110048, without any change in the approved estimated cost i.e. Rs.385.00 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2005-2006.

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Category : Income Tax (25154)
Type : Notifications (15277) Notifications/Circulars (30302)

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