Section 35AC - Eligible projects or schemes - Infrastructure development for school and vocational training centre by Economic Rural Development Society - Kolkata - S.O. 1133(E) - Income Tax

Section 35AC - Eligible projects or schemes - Infrastructure development for school and vocational training centre by Economic Rural Development Society - Kolkata Notification No. 32/2010 Dated 17-5-2010 S.O. 1133(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 466(E), dated 29th March, 2007, 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 30, for infrastructure development for school and vocational training centre by Economic Rural Development Society, 6, Kiran Sankar Roy Road, Ground Floor, Room No. 3, Kolkata-700001 as an eligible project or scheme for a period of three years beginning with financial year 2007-08; 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 speci fying 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 specifies the scheme or project for infrastructure devel opment for school and vocational training centre is being carried out by Economic Rural Development Society, 6, Kiran Sankar Roy Road, Ground Floor, Room No. 3, Kolkata-700001, without any change in the approved cost of Rs. 1.03 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2010-11 i.e., 2010-11, 2011-12 and 2012-13. [F.No.V-27015/1/2010-so]