Section 35AC - Eligible projects or schemes - Construction of dormitory-cum-library and running of rehabilitation/ welfare programmes for disabled/blind persons at Bangalore, Karnataka - 012/2009 - Income Tax

Section 35AC - Eligible projects or schemes - Construction of dormitory-cum-library and running of rehabilitation/ welfare programmes for disabled/blind persons at Bangalore, Karnataka NOTIFICATION NO. 12/2009 Dated 22-3-2010 S.O.645(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 901(E), dated the 20th September, 2001, 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, "Construction of dormitory-cum-library and running of rehabilitation/ welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places" by Shri Ramana Maharishi Academy of the Blind, CA-1B, 3rd Cross, 3rd Phase, J.P. Nagar, Bangalore-560078, as an eligible project or scheme for a period of three years beginning with assessment year 2002-03, which was extended further vide notification number S.O. 716(E), dated the 25th May, 2005 for a period of three years beginning with financial year 2004-2005 and which was extended further vide notification number S.O. 1296 (E), dated 4-6-2008 for three years beginning with financial year 2007-08; 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-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 dormitory-cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Bangalore, Karnataka and its surrounding places" being carried out by Shri Ramana Maharishi Academy of the Blind, CA-1B. 3rd Cross, 3rd Phase, J. P. Nagar, Bangalore-560078, without any change in the approved cost of Rs. 197.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2010-11 i.e., 2010-11,2011-12 2012-13. [F.No.V-27015/5/2009-SO(NAT. COM)]