Exemption u/s 35AC - Central Government had notified "Training centre for development of employment in rural and urban area", as an eligible project or scheme - 14/2009/S.O. 243(E) - Income Tax

Exemption u/s 35AC - Central Government had notified "Training centre for development of employment in rural and urban area", as an eligible project or scheme NOTIFICATION New Delhi , the 2lst January, 2009 S.O. 243(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue)number S.O. 1586(E), dated the 11th November, 2005, issued under clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1963), the Central Government had notified at serial number 8, "Training centre for development of employment in rural and urban area" by Akhil Bharat Manav Kalyan Seva Trust, AT PO Godhavi, Tehsil - Sanand, District Ahmedabad, Gujarat-382115, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006; 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 a farther 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 "Training centre for development of employment in rural and urban area" being carried out by Akhil Bharat Manav Kalyan Seva Trust; AT PO Godhavi, Tehsil - Sanand, District Ahmedabad, Gujarat -382115, without any change in the approved cost of Rs. 2.28 crore, as an eligible project or scheme for a farther period of three years beginning with financial year 2008-2009 i.e. 2008-2009,2009-2010 and 2010-2011. [No.14/2009/F.No.NC-274/17/2008] NAVEEN CHANDRA, Director (National Committee)