Notification u/s 35AC - Notifies the scheme Construction of a home for the aged blind - 45/2012 - Income Tax

Notification No. 45/2012 Dated : 14.05.2012 S.O. 1078 (E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 998(E), dated 5th July, 2006 , issued under sub-section (1) read with 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 11, Construction of a home for the aged blind by National Association for the Blind, Sector-5, R. K. Puram, New Delhi-110 022, 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 number S.O. 2392(E), dated 3rd October, 2008 , and a corrigendum S. O. No. 424(E), dated 23rd February, 2011, for a period of three years beginning with the financial year 2009-10 ; And whereas the said projector 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; 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 of a home for the aged blind being carried out by National Association for the Blind, Sector-5, R. K. Puram, New Delhi - 110 022, without any change in the approved cost of Rs. 3.00 crore for infrastructure and prevention of blindness and Rs. 10.00 crore for corpus fund, 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 and 2014-15. [F. No. V. 27015/2/2012-SO (NAT. COM.)