SECTION 35AC, READ WITH EXPLANATION (B) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – PRAYAS SOCIAL WELFARE SOCIETY, FARIDABAD
NOTIFICATION NO. 58/2011[F.NO. V-27015/2/2011-SO (NAT.COM)]/S.O. 1378(E), DATED 14-6-2011
Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) Number S.O. 2545(E), dated 6th October, 2009, 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 2, Free Education Programme for All Children Especially for economically weaker section by Prayas Social Welfare Society, D.C. Model Sr. Sec. School, Sector -09, Faridabad 121006, as an eligible project or scheme for a period of two years beginning with financial year 2009-10;
And whereas the said project or scheme is likely to extend beyond two 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 year;
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 Integrated Development of boys, girls and women from slum dwellers Construction and Development of a multifaceted training centre, which is being carried out by Prayas Social Welfare Society, D.C.Model Sr. Sec. School, Sector -09, Faridabad 121006, without any change in the approved cost of Rs. 3.11 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 and 2013-14.