Notification Under Section 35AC in respect of Iskcon Food Relief Foundation, Hare Krishna Land Juhu, Mumbai. - 086/2011 - Income Tax

NOTIFICATION NO.86/2011 DATED 11-8-2011 S.O. 1856(E):- Whereas by Notification of the Government of India, in the Ministry of 'Finance (Department of Revenue) number S.O.135(E), dated the 3rd February 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 11 "Mid day meal to students in Maharashtra" by Iskcon Food Relief Foundation, Hare Krishna Land Juhu, Mumbai - 400049, as an eligible project or scheme for a period of three years beginning financial year 2005-06 and which was extended further vide Notification number S.O. 2378(E), dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09; Whereas by Notification number S.O.2378(E), dated the 3rd October, 2008, the estimated cost was enhanced from Rs. 12.35 crore to Rs. 49.48 crore; And whereas the said project or scheme is likely to extend beyond six years; And, whereas, the National Committee for the 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 "Mid day meal to students in Maharashtra", which is being carried out by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai - 400049 without any change in the approved cost of Rs. 49.48 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 2013-14. [F.NO.V-27015/3/2011-SO(NAT.COM]