Notification u/s 35AC - Notifies the scheme or project "Construction of dormitory-cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places" which is being carried out by Shri Ramana Maharishi Academy of the Blind, CA-1B, 3rd Cross, 3rd Phase, J.P. Nagar, Bangalore - 126/2012 - Income Tax

NOTIFICATION NO. 126/2012 DATED 12-3-2013 SO 655(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 901(E), dated the 20th September, 2001 , 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 8, "Construction of dormitory-cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places" by Shri Ramana Maharishi Academy of the Blind, CA-1B, 3rd Cross, 3rd Phase, J.P. Nagar, Bangalore-560078, as an eligible project or scheme for a period of three years beginning with Assessment year 2002-2003, which was extended further vide notification number S.O. 716(E), dated the 25th May, 2005 for a period of three years beginning with financial year 2004-2005 and which was extended further vide notification number S.O. No. 1296 (E), dated 4-6-2008 for three years beginning with financial Year 2007-08 and which was extended further vide notification number S.O. 645(E), dated 22nd March, 2010 for a period of three years beginning with financial year 2010-11; 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) , hereby notifies the scheme or project "Construction of dormitory-cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places" which is being carried out by Shri Ramana Maharishi Academy of the Blind, CA-1B, 3rd Cross, 3rd Phase, J.P. Nagar, Bangalore-560 078, without any change in the approved cost of Rs. 197.00 lakh, as an eligible project or scheme for a further period of three years commencing with financial years 2013-14 i.e. 2013-14, 2014-15 2015-16. [F.NO. V- 27015/4/2012-SO(NAT.COM)]