Notification u/s 35AC - Notifies the scheme or project "Running expenses for Mata Gujari Old Age Home-cum-Orphanage at Village Khanpur, District Ropar, Punjab", which is being carried out by Niskam Sikh Welfare Council, BF-33, Tagore Garden, New Delhi - 137/2012 - Income Tax

NOTIFICATION NO. 137/2012 DATED 12-3-2013 SO 666(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 844(E), dated the 17th October, 1995, 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 14, "Running expenses for Mata Gujari Old Age Home-cum-Orphanage at Village Khanpur, District Ropar, Punjab" by Niskam Sikh Welfare Council, BF-33,Tagore Garden, New Delhi-110 027, as an eligible project or scheme for a period of two years beginning with assessment year 1996-1997 which was extended further vide notification number S.O. 259(E), dated the 27th March, 1997 , for a period of three year beginning with assessment year 1998-1999 which was extended further vide notification number S.O. 924(E), dated the 20th September, 2001 , for a period of three year beginning with assessment year 2001-2002, which was extended further vide notification number S.O. 724(E), dated the 23rd June, 2004 for a period of three year beginning with financial year 2003-2004, which was extended further vide notification number S.O. 480(E), dated the 29th March, 2007 for a period of three year beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 2054(E) dated 6th September, 2009 for a period of three year beginning with financial year 2009-10; And whereas by notification number S.O. 924(E), dated the 20th September, 2001 the estimated cost was enhanced from Rs. 27.36 lakh to Rs. 99.00 lakh and vide notification number S.O. 724(E), dated the 23rd June, 2004 the estimated cost was enhanced from Rs. 99.00 lakh to Rs. 159.00 lakh; And whereas the said project or scheme is likely to extend beyond eighteen 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 specifying 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 "Running expenses for Mata Gujari Old Age Home-cum-Orphanage at Village Khanpur, District Ropar, Punjab", which is being carried out by Niskam Sikh Welfare Council, BF-33, Tagore Garden, New Delhi-110027, without any change in the approved cost of Rs. 159.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial years 2012-13 i.e. 2012-13, 2013-14 2014-15. [ F. NO. V- 27015/4/2012-SO(NAT.COM)]