Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Arya Anathalaya, New Delhi

Notification No.14/2012[F.No.V-27015/1/2012-SO (NAT.COM)]/S.O. 469(E), dated 16-3-2012

Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.234(E), dated the 15th March, 2007, 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 notified at serial number 1, “UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)” by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi – 110002, as an eligible project or scheme for a period of three years beginning with financial year 2006-07 and which extended further vide notification number S.O. 855(E), dated 26th March, 2009 for a period of three years beginning with the financial year 2009-10;

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 extending 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 notifies the scheme or project “UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)” which is being carried out by Balgram SOS Children’s Villages” by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi – 110002, without any change in the approved cost of Rs. 22.86 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2012-13 i.e. 2012-13, 2013-14 and 2014-15.

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