Notification Under Section 35AC in respect of Vldya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District, Pune. - 33/2011 - Income Tax

Notification Under Section 35AC in respect of Vldya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District, Pune. NOTIFICATION New Delhi, 27 th April, 2011 S.O. 874(E). Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.458(E) dated the 30 th March, 2006, 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 6, Empowering the poor-rural development project by Vldya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District, Pune 413133, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S.O. 2390(E) dated 3 rd Oct 2008 for further period of three years beginning with financial year 2008-09; And whereas the said project or scheme is likely to extend beyond six years; And whereas the National Committee, for Promotion of Social and Economic Welfare, being satisfied that the said project or scheme is being execttted 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), hereby notifies the scheme or project Empowering the poor-rural development project Which is being carried out by Vldya Pratishthan, Vidyanagari, Bhigwan Road, Baramati District, Pune 413133, Maharashtra, Without any change in approved cost of Rs.28.21 crore, 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. [No.33/2011/F.No. V-27015/1/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)