Notification u/s 35AC - Specifies the scheme or project "Ensuring Children Learn", which is being carried out by "Naandi Foundation, 502, Trendset Towers, Road 2, Banjara Hills, Hyderabad 500- 034" - 65/2013 - S.O. 3183(E) - Income Tax

NOTIFICATION NO. 65/2013 DATED 17-10-2013 S.O. 3183(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. No. 1250(E), dated 18th May, 2009 , 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, "Ensuring Children Learn" by "Naandi Foundation, 502, Trendset Towers, Road 2, Banjara Hills, Hyderabad 500- 034", as an eligible project or scheme for a period of three years at the estimated cost of Rs.3.45 crore ending with financial year 2011-12. And whereas the said project or scheme is likely to extend beyond three 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 specifies the scheme or project "Ensuring Children Learn", which is being carried out by "Naandi Foundation, 502, Trendset Towers, Road 2, Banjara Hills, Hyderabad 500- 034", without any change in the approved cost of Rs.3.45 crore, as an eligible project or scheme for a further period of three years commencing 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)]