Notification u/s 35AC - Notifies the various schemes or projects "Rural Development project” at Vinaypuram, District Bhilwara, Rajasthan" being carried out by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Tehsil - Mandal, District Bhilwara, Rajasthan - 40/2013 - S.O. 3158(E) - Income Tax

NOTIFICATION NO. 40/2013 DATED 17-10-2013 S.O. 3158(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 54(E), dated the 16th January, 1998, 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 13, "Rural Development project - construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dining hall, meditation hall, administrative block, construction of three more class rooms, one seminar hall, two buses for students, one bus for staff, ten computers, and other furniture at Vinaypuram. District Bhilwara, Rajasthan" by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Tehsil - Mandal, District Bhilwara, Rajasthan, as an eligible project or scheme for a period of three years beginning with assessment year 1998-99, which was extended further vide notification number S.O. 159(E), dated the 23rd February, 2000 for a period of three years beginning with financial year 2001-02, which was extended further vide notification number S.O. 374(E), dated the 19th March, 2004 for a period of three years beginning with financial year 2003-04, which was extended further vide notification number S.O. 1157(E), dated the 16th July, 2007 for a period of three years beginning with financial year 2006-07; which was extended further vide notification number S.O.No. 1252(E), dated 18-5-2009 for a period of three years ending with financial year 2011-12. And whereas by notification number S.O. 1313(E), dated the 4th June, 2008 the estimated cost was enhanced from Rs. 60 lakh to Rs. 140 lakh; and vide Notification number S.O. 1313(E), dated 4th June, 2008 , the project cost was enhanced from Rs. 60 lakh to Rs. 140 lakh' And whereas by Corrigendum number S.O. 4395(E), dated the 12th November, 2008 the inclusion of construction of three more class rooms, one seminar hall, two buses for students, one bus for staff, ten computers, and other furniture in the approved project; And whereas by notification number S.O 4395(E), dated 12th November, 2008, the original project names were amended by adding some new items in the project, i.e., construction of three more class rooms, one seminar hall, two buses for students, one bus for staff, ten computers, and other furniture, And whereas the said project or scheme is likely to extend beyond fifteen 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 extending 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 "Rural Development project - construction of buildings for primary school, women and child welfare centre, staff quarters, guest house, laboratory and library hall, kitchen and dining hall, meditation ball, administrative block, construction of three more class rooms, one seminar hall, two buses for students, one bus for staff, ten computers, and other furniture at Vinaypuram, District Bhilwara, Rajasthan" being carried out by Anuvrat Gram Bharti Sansthan, Vinaypuram, P.O. Chankshed, Tehsil - Mandal, District Bhilwara, Rajasthan, without any change in the approved cost of Rs. 140 lakh, as an eligible project or scheme for a further period of three years beginning with the financial year 2012-13, i.e., 2012-13, 2013-14 2014-15 but with the direction that as the financial year 2012-13 has already elapsed, no certificate under section 35AC of the IT Act, 1961 shall be issued for the said financial year 2012-13. [F.NO.V-27015/2/2013-SO (NAT.COM)]