Amendment in the said notification S.O. 998(E) dated the 5th July, 2006 - 33/2009- S.O. 770(E) - Income Tax

Notification New Delhi, the 18 th March, 2009 S.O. 770(E) - Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 998(E) dated the 5 th July, 2006, issued under sub-section (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Income Tax, 1961 (43 of 1961), the Central Government had notified at serial number 8, Integrated Rural Development (social welfare, sanitation and health care, primary education and vocation training, youth and sports development and governance reforms) by Om Prakash Jindal Gramin Jankalyan Sansthan, 06, Prithvi Raj Road, New Delhi- 110011, as an eligible project or scheme for a period of three years beginning with financial year 2006-2007; 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 11M of the Income tax Rules, 1962 for extending the said project or scheme for further period of three years and amending the project cost from ₹ 26.00 crore to ₹ 61.00 crore; 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 (social welfare, sanitation and health care, primary education and vocation training, youth and sports development and governance reforms) , being carried out by Om Prakash Jindal Gramin Jankalyan Sansthan, 06, Prithvi Raj Road, New Delhi- 110011 for a period of three years beginning with financial year 2009-2010 i.e. 2009-2010, 2010-2011 2011-2012. (b) further amends the said notification S.O. 998(E) dated the 5 th July, 2006, to the following effect, namely:- In the said notification, in the Table against serial number 8, in column (4), relating to maximum cost for which allowed, for the letters, figures and word ₹ 26.00 crore the letter, figures and word ₹ 61.00 crore shall be substituted. [No. 33/2009/ F.No. NC-274/04/2009] NAVEEN CHANDRA, Director (National Committee)