Section 35AC - Eligible projects or schemes - Expansion of Snehalaya Dhyanmandir (School) and Hostel" by Snehalaya (Social Trust), At Post Karamba, Taluka North Sholapur, District Sholapur - Maharashtra - S.O. 1143(E) - Income Tax

Section 35AC - Eligible projects or schemes - Expansion of Snehalaya Dhyanmandir (School) and Hostel" by Snehalaya (Social Trust), At Post Karamba, Taluka North Sholapur , District Sholapur - Maharashtra Notification No. 42/2010 Dated: 17-5-2010 S.O. 1143(E):- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 466(E), dated the 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 notified at serial number 19, "Expansion of Snehalaya Dhyanmandir (School) and Hostel" by Snehalaya (Social Trust), At Post Karamba, Taluka North Sholapur, District Sholapur - 413222, Maharashtra State, as an eligible project or scheme for a period of three years beginning with financial year 2007-08; And whereas by notification number S.O. 850(E), dated the 25th March, 2009, the estimated cost was enhanced from Rs. 1.36 crore to Rs. 8.77 crore; 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 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 sub-section (1) read with clause (b) of the Expla nation to section 35AC of the Income-tax Act, 1961 (43 of 1961) ,— (a) hereby specifies the scheme or project "Expansion of Snehalaya Dhyanmandir (School) and Hostel", which is being car ried out by Snehalaya (Social Trust), At Post Karamba, Taluka North Sholapur, District Sholapur - 413222, Maharashtra State; without any change in the approved cost of Rs. 8.77 crore, 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 and 2012-13. [F. No. V-27015/1/2010-so]