Notification u/s 35AC - Notifies the scheme Integrated Rural Development (social welfare, sanitation and health care, primary education and vocational training, youth and sports development and governance reforms) - 61/2012 - Income Tax

Notification No. 61/2012 Dated : 14.05.2012 S.O. 1094 (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 8, Integrated Rural Development (social welfare, sanitation and health care, primary education and vocational training, youth and sports development and governance reforms.) by Om Prakash Jindal Gramin Jankalyan Sansthan, 06, Prithvi Raj Road, New Delhi-110 011, 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. 770(E), dated 18th March, 2009, for a period of three years beginning with the financial year 2009-10 ; - And whereas vide notification S. O. No. 770(E), dated 18th March, 2009, the estimated cost was enhanced from Rs. 26 crore to Rs. 61.00 crore ; And whereas the said project or scheme is likely to extend beyond six 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) , (a) hereby notifies the scheme or project Integrated Rural Development (social welfare, sanitation and health care, primary education and vocational training, youth and sports development and governance reforms) , which is being carried out by Om Prakash Jindal Gramin Jankalyan Sansthan, 06, Prithvi Raj Road, New Delhi-110 011, without any change in the approved cost of Rs. 61.00 crore, 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. [F. No. V. 27015/2/2012-SO (NAT. COM.)]