U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Veerayatan Jakhania, Gujarat - 95/2013 - Income Tax

NOTIFICATION NO. 95/2013 DATED 27-12-2013 S.O. 3846(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 998(E) dated the 5th July, 2006 , issued under 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 17, Running of Jakhania Primary school (English Gujarati medium), Running of Rudrani Primary School, Establishment of school premises at Jakhania village with residential facility, Running of vocational training programme at Jakhania village, Running of hospital and medical facilities at Jakhania village and in rural area, Construction of hostel accommodation for destitute women/handicapped individuals by Veerayatan Jakhania, Bhuj - Mandvi Road, At Post Talwana, Taluka Mandvi-Kutch (Gujarat) 370460, as an eligible project or scheme for a period of three years beginning with financial year 2006-07; and which was further extended vide notification number S.O. 641(E) dated 22.03.2010 for a period of three years ending with financial year 2011-12. And whereas the said project or scheme is likely to extend beyond nine 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 Running of Jakhania Primary school (English Gujarati medium), Running of Rudrani Primary School, Establishment of school premises at Jakhania village with residential facility, Running of vocational training programme at Jakhania village, Running of hospital and medical facilities at Jakhania village and in rural area, Construction of hostel accommodation for destitute women/handicapped individuals by Veerayatan, Jakhania, Bhuj - Mandvi Road, At Post Talwana, Taluka Mandvi- Kutch (Gujarat) 370460, without any change in the approved cost of ₹ 5.95 crores, 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, with the direction that as the financial year 2012-13 has already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial year 2012-13. [F.NO.27015/3/2013-SO (NAT.COM)]