Exemption u/s 35AC -notified at serial number 1, "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" by Arya Anathalaya, New Delhi, as an eligible project or scheme - 56/2009 - Income Tax

Exemption u/s 35AC -notified at serial number 1, "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" by Arya Anathalaya, New Delhi , as an eligible project or scheme NOTIFICATION New Delhi , the 25th March, 2009 S. O. 855(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 234(E) dated the 15th February, 2007, 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 1, "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi -110002, 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 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 "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" being carried out by Balgram SOS Children's Villages" by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi 110002, without any change in the approved cost of Rs. 22.86 crore, 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.56/2009/F.No.NC-274/04/2009] NAVEEN CHANDRA, Director (National Committee)