Exemption u/s 35AC -notified at serial number 4, "Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker section including Scheduled Cast and Scheduled Tribes" by National Agro Foundation, River View, Kottupuram, Chennai, as an eligible project or sche - 31/2009 - Income Tax

Exemption u/s 35AC -notified at serial number 4, "Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker section including Scheduled Cast and Scheduled Tribes" by National Agro Foundation, River View, Kottupuram, Chennai, as an eligible project or scheme NOTIFICATION NO. 31/2009 DATED, 18-3-2009 S.O. 768(E). - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 458(E), dated the 30th March, 2006, 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, "Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker section including Scheduled Cast and Scheduled Tribes" by National Agro Foundation, River View, Kottupuram, Chennai - 600085, 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 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 "Rural upliftment and training initiatives, cattle development and empowerment of rural women of weaker section including Scheduled Cast and Scheduled Tribes" being carried out by National Agro Foundation, River View, Kottupuram, Cheennai - 600085, without any change in the approved cost of Rs. 6.50 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-2009,i.e., 2009-2010 and 2010-2011. [F.No. NC-274/04/2009]