SPECIFIED PROGRAMMES RUN BY SHRI C.J. FERNANDEZ, CHOORAVILLA JOSEPH DEVELOPMENT FOUNDATION, BANGALORE NOTIFIED AS AN ELIGIBLE SCHEME OR PROJECT UNDER SECTION 35AC
Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 – Eligible projects or schemes, expenditure on – Notified eligible projects or schemes
Notification No. 8/2011 [F.NO.V-27015/1/2011-SO(NAT.COM)]/S.O. 849(E), Dated 27-4-2011
WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1237(E), dated the 28th October, 2003, 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, “Construction of school and dispensary buildings, purchase of furniture, equipments and integrated development of the poor and marginalized especially the women and children in Trikkadavoor” by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, No. 54, Rest House Apartment, Rest House Road, Bangalore – 560001, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05 which was extended further vide Notification number S.O.1597(E), dated the 14th November, 2005 for a period of two years beginning with financial year 2006-07 and which was extended further vide Notification number S.O. 1309(E), dated the 4th June, 2008 for a period of three years beginning with financial year 2008-09 ;
AND WHEREAS by Notification number S.O. 1261(E), dated 18th May, 2009 the estimated cost was enhanced by Rs. 1017.53 lakh i.e., from Rs. 605.23 lakh including a corpus fund of Rs. 320 lakh to Rs. 1622.76 lakh including a corpus fund of Rs. 560 lakh.
AND WHEREAS the said project or scheme is likely to extend beyond eight 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), – (a) hereby notifies the scheme or project “Construction of school and dispensary buildings, purchase of furniture, equipments and integrated development of the poor and marginalized especially the women and children in Trikkadavoor”, which is being carried out by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, No. 54, Rest House Apartment, Rest House Road, Bangalore – 560001, without any change in the approved cost of Rs. 1622.76 lakh including a corpus fund of Rs. 560 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 & 2013-14.
