U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On - Sirajul Huda Educational Complex, Kerala - 113/2011 - Income Tax

NOTIFICATION NO. 113/2011 New Delhi, the 18 th October, 2011 S. O. 2407(E). -Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 614(E) dated 18 th March 2010 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 2, Expansion, upgradation and renovation of existing institutions in order to accommodate more incoming students and to provide free education with free hostel facilities to the students hailing from the underprivileged families of rural areas by Sirajul Huda Educational Complex, Kuttiadi P.O., Kozhikode District, Kerala State 673 508, as an eligible project or scheme for a period of three years beginning with financial year 2008-09; And whereas the said project or scheme is likely to extend beyond three 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 11 M of the Income-tax Rules, 1962 for extending the said project or scheme for a further period of three year; 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 Expansion, upgradation and renovation of existing institutions in order to accommodate more incoming students and to provide free education with free hostel facilities to the students hailing from the underprivileged families of rural areas , which is being carried out by Sirajul Huda Educational Complex, Kuttiadi P.O., Kozhikode District, Kerala State 673 508, without any change in the approved cost of Rs. 37.03 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2012-13 i.e. 2012-13, 2013-14 2014-15. [F. No. V-27015/4/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)