Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Mid day Meal Program run by the Akshayapatra foundation by the Akshayapatra Foundation as an eligible project or scheme - Amendment in N. No. S.O. 1237(E) dated the 28th October, 2003 - 164/2006 - Income Tax

Exemption u/s 35AC - of the ITA, 1961, the C.G. had specified for Mid day Meal Program run by the Akshayapatra foundation by the Akshayapatra Foundation as an eligible project or scheme - Amendment in N. No. S.O. 1237(E) dated the 28th October, 2003 NOTIFICATION NO. 164/2006, DATED 5-7-2006 S.O. 1008 (E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1237(E) dated the 28th October, 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 3, for Mid day Meal Program run by the Akshayapatra foundation by the Akshayapatra Foundation, Hare Krishna Hill, West of Chord Road, Rajajinagar, Bangalore 560010, Karnataka , as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005 ; 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 specifying the said project or scheme for a further period of three years and amending the project cost from ₹ 2263.75 lakhs to ₹ 100.00 crores; 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), (a) hereby specifies the scheme or project for Mid day Meal Program run by the Akshayapatra foundation , which is being carried out by Akshayapatra foundation by the Akshayapatra Foundation, Hare Krishna Hill, West of Chord Road, Rajajinagar, Bangalore 560010, Karnataka as an eligible project or scheme for a further period of three years commencing from the financial year 2006-2007 ; and (b) further amends the said notification number S.O.1237(E) , dated the 28th October, 2003, to the following effect, namely : In the said notification, in the Table against serial number 3, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC, for the letters, figures and word ₹ 2263.75 lakhs, the letters, figures and word ₹ 100.00 crores shall be substituted. [F. No. NC-274/01/2006]