Notification u/s 35AC - Notifies the scheme or project "Renovation and Expansion of Existing school building girls and boys hostel and vocational technical training for girls" which is being carried out by "Royal Educational Society, Borli Panchatan, Taluka Shriwardhan, District Raigad - 402 403 Maharashtra" - 34/2013 - S.O. 3152(E) - Income Tax

NOTIFICATION NO. 34/2013 DATED 17-10-2013 S.O. 3152(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1649(E), dated 12th July, 2010 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 27 "Renovation and Expansion of Existing school building girls and boys hostel and vocational technical training for girls" by '"Royal Educational Society, Borli Panchatan Taluka Shriwardhan, District Raigad - 402 403, Maharashtra", as an eligible project at the estimated cost of Rs. 12.25 crore including a corpus fund of Rs. 2 crore, for a period of three years ending with financial year 2012-13. And whereas the said project or scheme is likely to extend beyond 03 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 "Renovation and Expansion of Existing school building girls and boys hostel and vocational technical training for girls" which is being carried out by "Royal Educational Society, Borli Panchatan, Taluka Shriwardhan, District Raigad - 402 403 Maharashtra" without any change in the approved cost of Rs. 12.25 crore including a corpus fund of Rs. 2 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)]