SECTION 35AC, READ WITH EXPLANATION (B) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – BHAGWAN MANAWEER VIKLANG SAHAYATA SAMITI, RAJASTHAN – AMENDMENT IN NOTIFICATION NO. S.O.739(E),DATED 10-9-1999
NOTIFICATION NO. 78/2011[F.NO. V-27015/2/2011-SO (NAT.COM)]/S.O. 1398(E), DATED 14-6-2011
WHEREAS by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.739(E), dated the 10th September, 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 notified at serial Number 7, “Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons, hard of hearing, medicines and special shoes to persons suffering from leprosy, various types of financial aids and other support for self-employment and rehabilitation of handicapped persons at Jaipur, Rajasthan” by Bhagwan Manaveer Viklang Sahayata Samiti, Sawai Man Singh Hospital Camps, Jaipur-302 004, Rajasthan, 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.66(E), dated the 22nd January, 2003 for a period of three years beginning with assessment year 2003-04 and which was extended further vide Notification Number S.O. 1609(E), dated the 14 November, 2005 for a period of three years beginning with financial year 2005-06 and which was extended further vide Notification Number S.O.250(E), dated 21st January, 2009 for a further period of three years beginning with the financial year 2008-09;
AND WHEREAS by Notification Number S.O. 1609(E), dated the 14th November, 2005 the estimated cost was enhanced from Rs. 350.00 lakh to Rs. 650.00 lakh and vide Notification Number S.O.250(E), dated the 21st January, 2009 the estimated cost was enhanced from Rs. 6.50 crore to Rs. 11.50 crore;
AND WHEREAS the said project or scheme is likely to extend beyond twelve 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 and amending the project cost from Rs. 11.50 crore to Rs. 23.00 crore;
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 “Provision of artificial limbs and other rehabilitation aids to amputees, polio-affected disabled persons, hard of hearing, medicines and special shoes to persons suffering from leprosy, various types of financial aids and other support for self-employment and rehabilitation of handicapped persons at Jaipur, Rajasthan”, being carried out by Bhagwan Manaveer Viklang Sahayata Samiti, Sawai Man Singh Hospital Camps, Jaipur-302 004 for a further period of three years commencing with financial year 2011-12 i.e., 2011-12, 2012-13 and 2013-14; and
(b) further amends the said Notification Number S.O.739(E), dated the 10th September, 1999, to the following effect, namely:-
In the said Notification, in the Table against serial Number 7, in column (4), relating to maximum cost to be allowed as deduction under section 35AC, for the letters, figures and word “Rs. 11.50 crore” the letters, figures and word “Rs. 23.00 crore” shall be substituted.
