Exemption u/s 35AC - notified at serial number 10, "Recycle, Recover, Reuse of plastic waste in an eco-friendly manner" by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mamsion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai, as an eligible or scheme - 70/2009 - Income Tax

Exemption u/s 35AC - notified at serial number 10, "Recycle, Recover, Reuse of plastic waste in an eco-friendly manner" by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mamsion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai, as an eligible or scheme NOTIFICATION New Delhi the 18th May, 2009 S.O.1262(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1124(E) dated the 29th September, 2003 , issued under 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 10, "Recycle, Recover, Reuse of plastic waste in an eco-friendly manner" by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mamsion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai - 400001, as an eligible or scheme for a period of three years beginning with assessment 2004-2005 and which was extended further vide notification number S.O.1424(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. 1424(E) dated the 4th September, 2006 the addressed of the institution was changed; 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 "Recycle, Recover, Reuse of plastic waste in an eco-friendly manner" being carried out by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mamsion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai - 400001, without any change in the approved cost of Rs. 1000.00 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. 70/2009/F. No. NC-274/l0/2009] NAVEEN CHANDRA, Director (National Committee)