SECTION 35AC, READ WITH EXPLANATION (b) THERETO OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – SRI RAMAKRISHNA SEVASHRAM, KARNATAKA

NOTIFICATION NO. 99/2012 [F.NO. V- 27015/4/2012-SO(NAT.COM)]/S.O. 629(E), DATED 12-3-2013

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Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.713(E) dated the 8th August, 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 2, for Construction, establishment and running of 30 bed Swami Vivekananda Integrated Rural Centre for elimination of leprosy and T.B. at Pavaguda Taluk, Tumkur, Karnataka by Sri Ramakrishna Sevashram, “Radha Lakshmi Nivas”, K.R. Extension, Pavagada, Tumkur, Karnataka-561202, as an eligible project or scheme for a period of three years beginning with assessment year 1996-1997 which was extended further vide notification number S.O.99(E) dated the 11th February, 1999 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.1217(E) dated the 12th December, 2001 for a period of three years beginning with assessment year 2002-2003 and which was extended further vide notification number S.O.386(E) dated the 23rd March, 2005 for a period of three years beginning with financial year 2004-2005, which was extended further vide notification number S.O. 496(E) dated 20th March, 2007 for a period of three years beginning with financial year 2007-08 and which was extended further vide notification number S.O. 1791(E) dated 21st July, 2010 for a period of three years beginning with financial year 2010-11;

And whereas the said project or scheme is likely to extend beyond eighteen 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), – (a) hereby notifies the scheme or project for Construction, establishment and running of 30-bed Swami Vivekananda Integrated Rural Centre for elimination of leprosy and T.B. at Pavaguda Taluk, Tumkur, Karnataka, which is being carried out by Sri Ramakrishna Sevashram, “Radha Lakshmi Nivas”, K.R. Extension, Pavagada, Tumkur, Karnataka-561202, without any change in the approved cost of Rs. 2.92 crore, as an eligible project or scheme for a further period of three years commencing from the financial year 2013-14 i.e 2013-14, 2014-15, 2015-16.

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

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