NOTIFICATION NO. 80/2010 – 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. 80/2010 [F. NO. V-27015/3/2010-SO (NAT.COM)]/S.O. 2526(E), DATED 11-10-2010
WHEREAS by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 878(E) dated the 30th November, 1992, 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 4, “Research and Rehabilitation Centre for the Deaf by Delhi Association of the Deaf, 92, Kamla Market, New Delhi–110 022, as an eligible project or scheme for a period of three years beginning with the assessment year 1993-94 which was extended further vide notification number S.O. 404(E) dated the 3rd May, 1995, for a period of three years beginning with the assessment year 1996-97 which was extended further vide notification number S.O. 437(E) dated the 20th May, 1998, for a period of three years beginning with the assessment year 1999-2000 which was extended further vide notification number S.O. 1049(E) dated the 18th October, 2001, for a period of three years beginning with the assessment year 2002-03, which was extended further vide notification number S.O. 717(E) dated the 25th May, 2005, for a period of three years beginning with the financial year 2004-05 and which was extended further vide notification number S.O. 1314(E) dated 4th June, 2008, 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 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 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 “Research and Rehabilitation Centre for the Deaf being carried out by Delhi Association of the Deaf, 92, Kamla Market, New Delhi-110 022, without any change in the approved cost of Rs. 1.00 crore, as an eligible project or scheme for a further period of three years beginning with the financial year 2010-11, i.e, 2010-11, 2011-12 and 2012-13.
