Exemption u/s 35AC - Central Government notified "Him JyotiSchool" by The HimalayanSchool Society, 15A, Amrit Kaur Road, Dehradun, Uttranchal-248001, as an eligible project or scheme - 11/2009/S.O. 240(E) - Income Tax

Exemption u/s 35AC - Central Government notified Him Jyoti School by The Himalayan School Society, 15A, Amrit Kaur Road , Dehradun, Uttranchal-248001, as an eligible project or scheme NOTIFICATION New Delhi , the 21st January, 2009 S.O. 240(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1822(E), dated the 26th October, 2006, 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 7, Him Jyoti School by The Himalayan School Society, 15A, Amrit Kaur Road, Dehradun, Uttranchal-248001, 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 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 amending the project cost from ₹ 4.00 crore to ₹ 16.40 crore including a corpus fund of ₹ 12.40 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 Him Jyoti School , being carried out by The Himalayan School Society, 15A, Amrit Kaur Road, Dehradun, Uttranchal- 248001 for a period of three more years beginning with financial year 2009-10 i.e. 2009-10,2010-11 and 2011-12. (b) further amends the said notification number S.O. 1822(E), dated the 26th October, 2006, to the following effect, namely:- In the said notification, in the Table against serial number 7, in column (4), relating to maximum cost for which allowed, for the letters, figures and word ₹ 4 crore the letters, figures and word ₹ 16.60 crore including a corpus find of ₹ 12.40 crore shall be substituted. [No.11/2009/F. No. NC-274/17/2008] NAVEEN CHANDRA, Director (National Committee)