Notification u/s 35AC - Notifies the scheme project for infrastructure development for Educational, Vocational, Medical, Social & Economic Development of the disabled and SC Community - 63/2012 - Income Tax

Notification No. 63/2012 Dated : 14.05.2012 S.O. 1096 (E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S. O. 1501(E), dated 7th September, 2007 , 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 specified at serial number 10, for Educational, Vocational, Medical, Social Economic Development of the disabled and SC Community by Social Service Centre, No. 3/271, Bharathidasan Street, Ganapathy Nagar, Vandalur, Chennai 48 as an eligible project or scheme for a period of three years beginning with the financial year 2007-08 and which was extended further vide notification S. O. No. 1136(E), dated 17th May, 2010 , for a period of two years beginning with the financial year 2010-11 ; And whereas the said project or scheme is likely to extend beyond five 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 notifying 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 specifies the scheme or project for infrastructure development for Educational, Vocational, Medical, Social Economic Development of the disabled and SC Community which is being carried out by Social Service Centre, No. 3/271, Bharathidasan Street, Ganapathy Nagar, Vandalur, Chennai 48, without any change in the approved cost of 2.62 crore, 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.)]