SECTION 35AC, READ WITH EXPLANATION (B) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – CANSUPPORT,NEW DELHI

NOTIFICATION NO. 53/2011[F.NO. V-27015/2/2011-SO (NAT.COM)]/S.O. 1373(E), DATED 14-6-2011

Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, 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, “Corpus fund for Cansupport” by CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi – 110022, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide Notification Number S.O. 2374(E), dated 3rd October, 2008 for a period of three years beginning with financial year 2008-09;

And whereas the said project or scheme is likely to extend beyond six 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 “Corpus fund for Cansupport” being carried out by CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi – 110022, without any change in the approved cost of Rs. 5.50 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12 i.e. 2011-12, 2012-13 and 2013-14.

 

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Category : Income Tax (25473)
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