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 ₹ 3.00 crore for infrastructure and prevention of blindness and ₹ 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.)