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

Notification No.14/2012 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 - Arya Anathalaya, New Delhi S.O. 469(E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.234(E), dated the 15th March, 2007 , 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 1, "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi - 110002, as an eligible project or scheme for a period of three years beginning with financial year 2006-07 and which extended further vide notification number S.O. 855(E), dated 26th March, 2009 for a period of three years beginning with the financial year 2009-10; 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 "UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years)" which is being carried out by Balgram SOS Children's Villages" by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi - 110002, without any change in the approved cost of Rs. 22.86 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2012-13 i.e. 2012-13, 2013-14 and 2014-15.