Section 35AC, Read With Explanation (B) Thereto, Of the Income-Tax Act, 1961 – Eligible Projects Or Schemes, Expenditure On – Notified Eligible Projects Or Schemes – Iskcon Food Relief Foundation, Mumbai
Notification No.86/2011[F.No.V-27015/3/2011-So(Nat.Com]/S.O.1865(E), Dated 11-8-2011
Whereas by Notification of the Government of India, in the Ministry of ‘Finance (Department of Revenue) number S.O.135(E), dated the 3rd February 2006 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 11 “Mid day meal to students in Maharashtra” by Iskcon Food Relief Foundation, Hare Krishna Land Juhu, Mumbai – 400049, as an eligible project or scheme for a period of three years beginning financial year 2005-06 and which was extended further vide Notification number S.O. 2378(E), dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09;
Whereas by Notification number S.O.2378(E), dated the 3rd October, 2008, the estimated cost was enhanced from Rs. 12.35 crore to Rs. 49.48 crore;
And whereas the said project or scheme is likely to extend beyond six years;
And, whereas, the National Committee for the 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 “Mid day meal to students in Maharashtra”, which is being carried out by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai – 400049 without any change in the approved cost of Rs. 49.48 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 & 2013-14.