Exemption u/s 35AC - notified at serial number 4, "Mid-day Meal Scheme in three schools of Bangalore" by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore, as an eligible project or scheme - 37/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 4, "Mid-day Meal Scheme in three schools of Bangalore" by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore, as an eligible project or scheme NOTIFICATION New Delhi , the 25th March 2009 S.O. 836 (E). - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 469(E) dated the 2nd July, 1996, 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 4, "Mid-day Meal Scheme in three schools of Bangalore" by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore - 560001, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998, which was extended further vide notification number S.O.317(E) dated the 11th May, 1999 for a period of two years beginning with assessment year 2000-2000, which was extended further vide notification number S.O. 552(E) dated the 20th June 2001 for a period of two years beginning with assessment year 2002-2003, which was extended further vide notification number S.O. 688(E) dated the 13th June, 2003 for a period of one years beginning with assessment year 2004-2005, which was extended further vide notification number S.O. 398(E) dated the 23rd March, 2005 for a period of two years beginning with financial year 2004-2005 and which was extended further vide notification number S.O.1407(E) dated the 4th September,. 2006 for a period of three years beginning with financial year 2006-2007; And whereas by notification number S.O. 260(E) dated the 27th March, 1997 the estimated cost was enhanced from Rs. 2.30 .lakh to Rs.15.00 lakh, notification number S.O.1371(E) dated the 27th November, 2003 the estimated cost was further enhanced from Rs. 15.00 lakh to Rs. 30.00 lakh and vide notification number S.O. 1407(E) dated the 4th September, 2006 the estimated cost was further enhanced from Rs.30.00 lakh to Rs. 50.00 lakh; And whereas the said project or scheme is likely to extend beyond thirteen 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 further 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 "Mid-day Meal Scheme in three schools of Bangalore" being carried out by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore - 560001, without any change in the approved cost of Rs.50.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010 i.e. 2009-10,2010-2011 2011-2012. [No. 37/2009/F.No.NC-274/04/2009] NAVEEN CHANDRA, Director (National Committee)