Notification Under Section 35AC in respect of CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi. - 53/2011 - Income Tax

NOTIFICATION NO. 53/2011 DATED 14-6-2011 S.O. 1373(E):- Whereas by Notification of the Government of India, in the Ministry of Finance (Department of Revenue) Number S.O.708(E), dated the 25th May, 2005, 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 7, "Corpus fund for Cansupport" by CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi - 110022, 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. 2374(E), dated 3rd October, 2008 for a 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 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 "Corpus fund for Cansupport" being carried out by CANSUPPORT, Kanak Durga, Basti Vikas Kendra, Sector-12, R.K. Puram, New Delhi - 110022, without any change in the approved cost of Rs. 5.50 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12 i.e. 2011-12, 2012-13 and 2013-14. [F.NO. V-27015/2/2011-SO (NAT.COM)]