Notification No. 77/2010 – 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. 77/2010 [F. NO. V-27015/3/2010-SO(NAT.COM)]/S.O. 2523(E), DATED 11-10-2010
WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 466(E) dated 29th March, 2007, issued under 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 18, Poverty alleviation through capacity building, market support and micro-credit programme for economically weaker section of the society by Development Initiative for Self-Help and Awakening (DISHA), C/o. Samaj Seva Kendra, Sr. No. 4272, Behind Akurdi Post Office, Akurdi, Pune-411 035, as an eligible project or scheme for a period of three years beginning with the financial year 2007-08;
AND WHEREAS the said project or scheme is likely to extend beyond three 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 specifies the scheme or project “Poverty alleviation through capacity building, market support and micro-credit programme for economically weaker section of the society”, is being carried out by Development Initiative for Self-Help and Awakening (DISHA), C/o. Samaj Seva Kendra, Sr. No. 4272, Behind Akurdi Post Office, Akurdi, Pune-411 035, without any change in the approved cost of Rs. 163.06 lakh, as an eligible project or scheme for a further period of the three financial years commencing with 2010-11, i.e., 2010-11, 2011-12 and 2012-13.
