Notification u/s 35AC - Notifies the scheme or project "Construction of building and running of Vridha Bhakt Niwas (old Age Home), Dhyan Yoga Kendra and Ayurvedic dispensary" which is being carried out by Brahmavetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi - 122/2012 - Income Tax

NOTIFICATION NO. 122/2012 DATED 12-3-2013 S.O. 651(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.497(E) dated the 26th May, 2000, 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 specified at serial number 2, for Construction of building and running of Vridh Bhakt Niwas (Old age Home), Dhyan Yoga Kendra and Ayurvedic Dispensary at Village - Bhagdevar, Mahuari Kalan, District -Mirzapur, Uttar Pradesh by Brahmavetta Shree Devaraha Hans Baba Trust, 79, Cariappa Marg, Sainik Farm, New Delhi, as an eligible project or scheme for a period of three years beginning with assessment year 2001-2002 and which was extended further vide Notification number S.O.690(E) dated the 13th June, 2003 for a period of three years beginning with assessment year 2004-2005; which was further extended vide No. S.O. 1411(E) dated 04.06.2006 commencing with financial year 2006-07 and which was extended further vide Notification number S.O. No.637 (E) dated 22nd March, 2010 for a period of three year beginning with financial year 2009-10; And whereas the said project or scheme is likely to extend beyond twelve 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 building and running of Vridha Bhakt Niwas (old Age Home), Dhyan Yoga Kendra and Ayurvedic dispensary" which is being carried out by Brahmavetta Shree Devaraha Hans Baba Trust,79, Cariappa Marg, Sainik Farm, New Delhi, without any change in the approved cost of Rs. 11.85 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13 i.e. 2012-13, 2013-14 2014-15. [F. NO. V- 27015/4/2012-SO(NAT.COM)]