Notification u/s 35AC - Notifies the scheme Smt. Parsanben Narandas Ramji Shah (Talajawala), Society for Relief and Rehabilitation of the disabled, Gujarat - 35/2012 - Income Tax

Notification No. 35/2012 Dated : 14 th May 2012 S.O. 1068(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 234(E), dated 15th February, 2007 , 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 8, Extension and support of present activities like conducting free polio operations ; cataract operations camp, etc. ; providing free artificial limbs to rehabilitate orthopaedically disabled poor people by Smt. Parsanben Narandas Ramji Shah (Talajawala), Society for Relief and Rehabilitation of the disabled, 51, Vidyanagar, Bhavnagar, Gujarat, as an eligible project or scheme for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification S. O. No. 1255(E), dated 18th May 2009 , for a period of three years beginning with the financial year 2009-10 : And whereas the said project or scheme is likely to extend beyond six 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 and amending the project cost from ₹ 500 lakh to ₹ 610 lakh ; 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 Extension and support of present activities like conducting free polio operations ; cataract operations camp, etc.; providing free artificial limbs to rehabilitate orthopaedically disabled poor people which is being carried out by Smt. Parsanben Narandas Ramji Shah (Talajawala), Society for Relief and Rehabilitation of the disabled, 51, Vidyanagar, Bhavnagar, Gujarat, 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 and 2014-15. (b) further amends the said notification number S. O. 234(E), dated 15th February, 2007 , to the following effect, namely :- In the said notification, in the Table against serial number 8, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC of the Income-tax Act 1961 for the letters, figures and word ₹ 500 lakh the letters, figures and word ₹ 610 lakh shall be substituted. [F. No. V. 27015/2/2012-SO (NAT.COM.)]