U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Blind People's Association, Ahmedabad - 41/2015 - Income Tax

NOTIFICATION NO. 41/2015 DATED 6-1-2015 S.O. 92(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E) dated the 8th August, 2005, 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 2, Comprehensive rehabilitation, medical human resource development services for the blind and disabled by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 380015, Gujarat , as an eligible project or scheme, at the estimated cost of ₹ 2.50 crore for a period of three years beginning with financial year 2005-2006; which was extended vide notification number S.O. No.2394(E) Dated 3rd October, 2008 for a further period of three years beginning with financial year 2008-09; and which was further extended vide notification number S.O. 2885 dated 27/12/2011 for a period of three more financial years, i.e., 2011-12, 2012-13 2013-14; 1 [ And whereas by Notification Number 2394(E), dated the 3rd October, 2008 the estimated cost was enhanced from ₹ 2.50 crore to ₹ 6.00 crore; which was further enhanced vide notification number S.O. 2885 dated 27-12-2011 from ₹ 6.00 crore to ₹ 11.00 crore and whereas the project cost is likely to enhance from ₹ 11.00 crore to ₹ 18.50 crore. ] And whereas the said project' or scheme is likely to extend beyond nine years; 2 [ 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 and also enhancing the project cost from ₹ 11.00 crore to ₹ 18.50 crore. ] 3 [ 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 Comprehensive rehabilitation, medical human resource development services for the blind and disabled , which is being carried out by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 380015 Gujarat , for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17; ] [F.NO.V.27015/3/2014-SO(NAT.COM)] ************ Notes 1. Substituted vide NOTIFICATION NO. 123/2015 DATED 11-2-2015 before it was read as And whereas by notification number 2394(E) dated the 3rd October, 2008 the estimated cost was enhanced from ₹ 2.50 crore to ₹ 6.00 crore; and which was further enhanced vide notification number S.O. 2885 dated 27/12/2011 from ₹ 6.00 crore to ₹ 11.00 crore; 2. Substituted vide NOTIFICATION NO. 123/2015 DATED 11-2-2015 before it was read as 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. 3. Substituted vide NOTIFICATION NO. 123/2015 DATED 11-2-2015 before it was read as 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 Comprehensive rehabilitation, medical human resource development services for the blind and disabled , which is being carried out by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 380015 Gujarat , without any change in the approved cost of ₹ 11.00 crore, for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17.