Explanation to section 35AC - running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal - 034/2007- S.O. 235 (E) - Income Tax

Explanation to section 35AC - running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal [TO BE PUBLISHED IN THE GAZETTE OF INDIA , EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi , dated the 15th February, 2007 S.O. 235 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.308(E) dated the 11th May, 1999, 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 specified at serial number 7, for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401 as an eligible project or scheme for a period of three years beginning with assessment years 2000-2001 and which was extended further vide notification number S.O.898(E) dated the 5th August, 2003 for a period of three years beginning with assessment year 2003-2004; And whereas by notification number S.O.898(E) dated the 5th August, 2003 the estimated cost was enhanced from ₹ 5.00 lakhs to ₹ 10.36 lakhs; 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 specifying the said project or scheme for a further period of three years; Now, therefore, the Central Government, in exercise of the powers conferred by subsection (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby specifies the scheme or project for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal which is being carried out by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401, without any change in the approved cost of ₹ 10.36 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2006-2007 and financial year 2005-06 is already over and no donation can be collected for that financial year. [F.No. 34-2007/F.No. NC-274/04/2006] D.P. Sengupta, Secretary (National Committee)