Exemption u/s 35AC -notified at serial number 8, "Construction building, purchase of furniture, Books, sewing machine etc. and running of the project" by Pranab Kanya Sangha, Kolkata, West Bengal, as an eligible project or scheme - 50/2009 - Income Tax

Exemption u/s 35AC -notified at serial number 8, "Construction building, purchase of furniture, Books, sewing machine etc. and running of the project" by Pranab Kanya Sangha, Kolkata, West Bengal , as an eligible project or scheme NOTIFICATION New Delhi , the 25th March, 2009 S.O. 849(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1365(E) dated the 27th November, 2003, 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 8, "Construction building, purchase of furniture, Books, sewing machine etc. and running of the project" by Pranab Kanya Sangha, P.O. Hridayur, Kolkata - 700127, West Bengal, as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005 and which was extended further vide notification number S.O. 1166(E) dated the 16th July, 2007 for a period of three years beginning with financial year 20O6-2007; And whereas the said project or scheme is likely to extend beyond six 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 "Construction building, purchase of furniture, Books, sewing machine etc. and running of the project" being carried out by Pranab Kanya Sangha, P.O. HRIDAYUR, Kolkata-700127, West Bengal, without any change in the approved cost of Rs. 143.33 lakh including a corpus fund of Rs. 10.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2009-2010 i.e. 2009-2010, 2010-2011 2011-2012. [No. 50/2009/F.No. NC-274/04/2009] NAVEENCHANDRA, Director (National Committee)