U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Jankidevi Bajaj Gram Vikas Sanstha, Pune - 116/2011 - Income Tax

NOTIFICATION NO. 116/2011 New Delhi, the 18 th October, 2011 S.O. 2410(E) . - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.878(E) dated the 30 th November, 1992 , 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 3, Integrated Rural Development Project by Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey No.4272, Behind Akurdi Post Office, Akurdi, Pune - 411 035, as an eligible project or scheme for a period of three years beginning with assessment year 1993- 1994, which was extended further vide notification number S.O.293(E) dated the 4 th April, 1995 for a period of three years beginning with assessment year 1996-1997, which was extended further vide notification number S.O. 438(E) dated the 20 th May, 1998 for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O.1384(E) dated the 30 th December, 2002 for a period of three years beginning with assessment year 2002-2003 and which was extended further vide notification number S.O.789(E) dated the 5 th July, 2004 for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number S.O.2400(E) dated the 3 rd October, 2008 for a period of two years beginning with financial year 2008-09 to give the applicant time to spend the already collected amount u/s. 35AC without raising further amount during the period: the period was further extended vide notification S.O. No 644(E) dated 22 nd March, 2010 for further three years beginning with financial year 2010-11; And whereas by notification number S.O. 438(E) dated the 20 th May, 1998 the estimated cost was enhanced from 118-00 lakh to 180.72 lakh. vide notification number S.O.319(E) dated the 11 th May, 1999 the estimated cost was further enhanced from 182.72 Iakh to 298.60 lakh and vide notification number S.O.789(E) dated the 5 th July, 2004 the estimated cost was further enhanced from 298.60 Iakh to 704.14 lakh vide notification number S.O.No.2604(E) dated 14.10.2009 the project cost was further enhanced from 704.14 lakh to 821.80 Iakh vide notification number S.O.644(E) dated 22 nd March, 2010 the estimated cost was further enhanced from 821.80 lakh to 1219.80 lakhs; And whereas the said project or scheme is likely to, extend beyond eighteen 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 amending the area of project work; 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 Project being carried out by Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey No.4272, Behind Akurdi Post Office, Akurdi, Pune 411035. (b) further amends the said notification number S.O.878(E) dated the 30th November, 1992 , to the following effect, namely :- In the said notification, in the Table against serial number 3, in column (3) the following may be added to the area of work under the project Integrated Rural Development Project , villages in Wardha district apart from villages of Pune Aurangabad districts in Maharashtra Sikar District in Rajasthan within the limit of already apprdved cost . [F. No. V-27015/4/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)