Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Baba Amte Centre for People's Empowerment by Samaj Pragati Sahayog - 108/2007 - Income Tax

Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Baba Amte Centre for People's Empowerment by Samaj Pragati Sahayog NOTIFICATION NO. 108/2007, DATED 29-3-2007 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 839 (E), dated the 24 th July, 2003, 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 specified at serial number 4, for Baba Amte Centre for People's Empowerment by Samaj Pragati Sahayog, Bagli, District Dewas, Madhya Pradesh-455227, as an eligible project or scheme for a period of three years beginning with assessment year 2004-05, 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 further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for specifying 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 specifies the scheme or project for Baba Amte Centre for People's Empowerment which is being carried out by Samaj Pragati Sahayog, Bagli, District Dewas, Madhya Pradesh-455227, without any change in the approved cost of Rs. 350.00 lakhs (corpus fund), as an eligible project or scheme for a further period of three years commencing from the financial year 2006-07. [F.No.NC-274/3/2007]