Notification u/s 35AC - Notifies the scheme or project "Mid-day Meal Project" which is being carried out by "Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai 400 049" - 16/2013 - S.O. 3134(E) - Income Tax

NOTIFICATION NO. 16/2013 DATED 17-10-2013 S.O. 3134(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1462(E), dated 17th June, 2008 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 10, "Mid-day Meal Project" by the "Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai 400 049", as an eligible project at the estimated cost of Rs.712.65 lakh crore for a period of two years ending with financial year 2009-10, which was further extended vide notification number S.O. 1788(E), dated 21st July, 2010 for a period of three years ending with financial year 2012-13. And whereas the said project or scheme is likely to extend beyond 5 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 and also enhancement in the project cost; 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 "Mid-day Meal Project" which is being carried out by "Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai 400 049", as an eligible project or scheme, for a further period of three years commencing with financial year 2013-14, i.e., 2013-14, 2014-15 2015-16. (b) former amends the said notification number S.O. 1462(E), dated 17th June, 2008 , to the following effect, namely : In the said notification, in the Table against serial number 10 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC , for the letters, figures and words "Rs. 853.90 lakh", the letters, figures and words "Rs. 2434.12 lakh" shall be substituted. [F. NO.V-27015/2/2013-SO (NAT.COM)]