Section 35AC - Eligible projects or schemes - Welfare programmes in the field of Health, education, environment etc." by SNS Foundation - 024/2009 - Income Tax

NOTIFICATION NO. 24/2009 DATED 22-3-2010 S.O.657(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 461(E), dated the 5th April, 2004, 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 8, "Welfare programmes in the field of Health, education, environment etc." by SNS Foundation, 1, Sri Aurobindo Marg, New Delhi -110016, as an eligible project or scheme for a period of three years beginning with financial year 2004-2005, which was extended further vide notification number S.0.491 (E), dated the 29th March, 2007 for a period of three years beginning with financial year 2007-08; And whereas by notification number 491 (E), dated the 29th March, 2007 the estimated cost was enhanced from Rs. 810.00 lakh to Rs. 1000.00 lakh. The project cost was further enhanced from Rs. 10 crore to Rs. 16.5 crore vide No. S.O. 248(E) dated the 21st January, 2009. And whereas the said project or scheme is likely to extend beyond nine 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-lax Rules, 1962 for specifying the said project or scheme for a further period of three years commencing with financial years 2010-11; 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 specifies the scheme or project for running of "Welfare programmes in the field of Health, education, environment etc", by SNS Foundation, 1, Sri Aurobindo Marg, New Delhi-110016 without any change in the approved cost of Rs. 16.5 crore for a period of three years commencing from f.y. 2010-11 i.e., 2010-11, 2011-12 2012-13. [F.No.V-27015/5/2009-SO(NAT. COM)]