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NOTIFICATIONS

INCOME-TAX ACT

Section 35AC(1), read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes

NOTIFICATION NO. 38/2010 [F.NO. V-27015/1/2010-SO (NAT.COM)]/S.O. 1139(E), DATED 17-5-2010

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 3, for Eye Care programme in the National Capital Region, Delhi by Lok Kalyan Samiti, 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002, as an eligible project or scheme for a period of three years beginning with assessment year 2000-01 which was extended further vide notification number S.O. 687(E), dated the 13th June, 2003 for a period of two years beginning with assessment year 2003-04 which was extended further vide notification number S.O. 136(E), dated the 2nd February, 2005 for a period of three years beginning with financial year 2004-05 and which was extended further vide notification number S.O. No. 1148(E), dated 16th July, 2007 for a period of three years beginning with financial year 2007-08;

AND WHEREAS the said project or scheme is likely to extend beyond eleven 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), hereby specifies the scheme or project for Eye Care programme in the National Capital Region, Delhi which is being carried out by Lok Kalyan Samiti, 11-A, Vishnu Digamber Marg, Rouse Avenue, New Delhi-110002, without any change in the approved cost of Rs. 1011 lakhs, as an eligible project or scheme for a further period of three years beginning with financial year 2010-11 i.e., 2010-11, 2011-12 and 2012-13.

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