Exemption u/s 35AC -notified at serial number 13, "Construction of building, staff quarters, overhead water tank etc." by Ramakrishna Mission Students' Home, P.S. Sivasamy Salai, Mylapore, Chennai, as an eligible project or scheme - 77/2009 - Income Tax

Exemption u/s 35AC -notified at serial number 13, "Construction of building, staff quarters, overhead water tank etc." by Ramakrishna Mission Students' Home, P.S. Sivasamy Salai, Mylapore, Chennai, as an eligible project or scheme NOTIFICATION New Delhi , the 6th August 2009 S.O. 2039(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 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 13, "Construction of building, staff quarters, overhead water tank etc." by Ramakrishna Mission Students' Home, New No.66 (Old No.101), P.S. Sivasamy Salai, Mylapore, Chennai-600004, 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.1414(E) dated the 4th September, 2006 for a period of three years beginning with financial year 2006-2007; 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 of building, staff quarters, overhead water tank etc.' being carried out by Ramakrishna Mission Students' Home, New No.66 (Old No.101) P.S. Sivasamy Salai, Mylapore, Chennai-600004, without any change in the approved cost of Rs.5.28 crore, 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. 77/2009/F.No. 274/12/2009-NC] NAVEEN CHANDRA, Director (National Committee)