Notification u/s 35AC - Notifies the scheme Construction, equipments, furnishing and running of Andh Kalyan Kendra at Village Ranip - 44/2012 - Income Tax

Notification No. 44/2012 Dated : 14.05.2012 S.O. 1077 (E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 193(E), dated 14th March, 1996 , 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 15, Construction, equipments, furnishing and running of Andh Kalyan Kendra at Village Ranip, District Ahmedabad, Gujarat by Andh Kalyan Kendra, (Behind Welfare Centre), 20, Navroop Colony, Shanti Nagar, Ashram Road, Ahmedabad - 380 013, Gujarat, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98, which was extended further vide notification number S. O. 316(E), dated 11th May, 1999 , for a period of three years beginning with the assessment year 2000-01, which was extended further vide notification number S. O. 1111(E), dated 24th October, 2002, for a period of three years beginning with the assessment year 2003-04, which was extended further vide notification number S. O. 1000(E), dated 5th July, 2006, for a period of two years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 235(E), dated 21st January, 2009 , for a period of three years beginning with the financial year 2008-09; And whereas said project or scheme to extend beyond fourteen years; And, whereas the National Committee for the 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 Construction, equipments, furnishing and running of Andh Kalyan Kendra at Village Ranip, District Ahmedabad which is being carried out by Andh Kalyan Kendra, (Behind Welfare Centre), 20, Navroop Colony, Shanti Nagar, Ashram Road, Ahmedabad-380 013, without any change in the approved cost of ₹ 105.97 lakh, as an eligible project or scheme for a further period of three years beginning with the financial year 2011-12, i.e., 2011-12, 2012-13 and 2013-14, but with a direction that as the financial year 2011-12 has lapsed, no certificate under section 35AC shall be issued for the financial year 2011-12. [F. No. V. 27015/2/2012-SO (NAT. COM.)]