Notification u/s 35AC - Notifies the scheme or project "Development of educational infrastructure at Sangroli district Nanded, Community health services, rural development project" which is being carried out by "Sanskriti Samvardhan Mandal, Sharadanagar, Sagroli, District Nanded, Maharashtra - 431 731" - 21/2013 - S.O. 3139(E) - Income Tax

NOTIFICATION NO. 21/2013 DATED 17-10-2013 S.O. 3139(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. No. 371(E), dated 23rd March, 2005 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 1 "Development of educational infrastructure at Sangroli district Nanded, Community health services, rural development project" by "Sanskriti Samvardhan Mandal, Sharadanagar, Sagroli, District Nanded, Maharashtra - 431 731", as an eligible project at the estimated cost of Rs.8.11 crore for a period of three years ending with financial year 2006-07, which was further extended vide notification number S.O. 489(E), dated 29th March, 2007 for a period of three years ending with financial year 2009-10; which was further extended vide notification number S.O. 1144(E), dated 17th May, 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 9 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 "Development of educational infrastructure at Sangroli district Nanded, Community health services, rural development project" which is being carried out by "Sanskriti Samvardhan Mandal, Sharadanagar, Sagroli, District Nanded, Maharashtra - 431 731", without any change in the approved cost of Rs.8.11 crore, 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. [ F. NO. V-27015/2/2013-SO (NAT.COM)]