Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Rescue Foundation, Mumbai - F.No.V-27015/1/2012-SO - Income Tax

Notification No.3/2012 [F.No.V-27015/1/2012-SO] dated 16/03/2012 Section 35AC , read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible projects or schemes, expenditure on - Rescue Foundation, Mumbai S.O. 458(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. No. 2370(E) dated 3 rd October, 2008 , 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 29, "Rescue, Rehabilitation Repatriation of trafficked girls/women" by Rescue Foundation, Plot No. 39, Fathima Devi Road, Behind Our Lady of Remedy School, Poinsur, Kandivalu (W), Mumbai - 400 067., as an eligible project or scheme for a period of three years beginning with financial year 2008-09; 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 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 "Rescue, Rehabilitation Repatriation of trafficked girls/women" which is being carried out by Rescue Foundation, Plot No.39, Fathima Devi Road, Behind Our Lady of Remedy School, Poinsur, Kandivalu (W), Mumbai - 400 067, without any change in the approved cost of Rs. 7.04 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.