Notification u/s 35AC - Notifies the scheme or project for "Comprehensive rehabilitation services for the deaf blind all over India", which is being carried out by "Sense International (India), 405, Favorite Residency, Opposite Saint Xavier's Loyola School, Memnagar, Ahmedabad-380 015" - 32/2013 - S.O. 3150(E) - Income Tax

NOTIFICATION NO. 32/2013 DATED 17-10-2013 S.O. 3150(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1045(E), dated the 18th October, 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 specified at serial number 5, for "Comprehensive rehabilitation services for the deaf blind all over India" by "Sense International (India), 405, Favorite Residency, Opposite Saint Xavier's Loyola School, Memnagar, Ahmedabad-380 015" as an eligible project or scheme for a period of three years beginning with assessment year 2002-03, which was extended further vide notification number S.O. 397(E), dated the 23rd March, 2005 for a period of three years beginning with financial year 2004-05, which was extended further vide notification number S.O. 1147(E), dated 16th July, 2007 for a period of three years beginning with the financial year 2007-08, and which was extended further vide notification number S.O. 1091(E), dated 14th May, 2012 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 with 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 for "Comprehensive rehabilitation services for the deaf blind all over India", which is being carried out by "Sense International (India), 405, Favorite Residency, Opposite Saint Xavier's Loyola School, Memnagar, Ahmedabad-380 015", as an eligible project or scheme for a further period of three years beginning with financial year 2013-14, i.e., 2013-14, 2014-15 2015-16. (b) further amends the said notification number S.O.1045(E), dated 18th October, 2001, to the following effect, namely :- In the said notification, in the Table against serial number 5 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs. 2 crore", the letters, figures and words "Rs. 10 crore" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]