Notification Under Section 35AC in respect of Shri Ci. Fernandez, Chooravilla Joseph Development Foundation, No.54, Rest House Apartment, Rest House Road, Bangalore - 08/2011 - Income Tax

NOTIFICATION New Delhi, the 27th April, 2011 S.O. 849(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1237(E) dated the 28 October, 2003, issued under sub section (I) read with clause (1,) of the Explanation to section 35AC of the Income-tax Act, 1961(43 of 1961), the Central Government had notified at serial number 1, Construction of school and dispensary buildings, purchase of furniture, equipments and integrated development of the poor and marginalized especially the women and children in Trikkadavoor by Shri Ci. Fernandez, Chooravilla Joseph Development Foundation, No.54, Rest House Apartment, Rest House Road, Bangalore - 560001, as an eligible project or scheme fur a period of three years beginning with assessment year 2004-2005, which was extended further vide notification num S.O; 1597(E) dated the 14 th November, 2005 for a period of two years beginning with financial year 2006-2007 and which was extended further vide notification number S.O, 1309(E) dated the 4 th June, 2008 for a period of three years beginning with financial year 2008-2009; And whereas by notification number S.O. 1261(E) dated 18 th May, 2009 the estimated cost was enhanced by Rs. 1017.53 lakh i.e from Rs. 605.23 lakh including a corpus fund of Rs. 320 lakhs to Rs. 1622.76 lakh including a corpus fund of Rs. 560 lakh And whereas the said project or scheme is likely to extend beyond eight 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 11 M 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 Act, 1961(43 of 1961), - (a) hereby notifies the scheme or project Construction of school and dispensary buildings, purchase of furniture, equipments and integrated development of the poor and marginalized especially the women and children in Trikkadavoor , which is being carried out by Shri C.J. Fernandez, Chooravilla Joseph Development Foundation, No. 54, Rest House Apartment, Rest House Road, Bangalore 560001, without any change In the approved cost of Rs. 1622.76 lakh including a corpus fund of Rs. 560 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2011-12 i.e 2011-12, 2012-13 2013-14. [F.No.8/2011/F.N0. V-27015/1/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)