Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangha, Bangalore as an eligible project or scheme - 109/2005 - Income Tax

Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangha, Bangalore as an eligible project or scheme NOTIFICATION NO. 109/2005, DATED 23-3-2005 S.O.398(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.469(E) dated the 2 nd July, 1996, issued under sub-section (1) read with clause ( b ) of the Explanation to section 35 AC of the Income-tax Act, 1961 (43 of 1961), the Central Government had specified at serial number 4, for Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangha, Villa Maria, No. 12 Rest House road, Bangalore-560001, as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998 which was extended further vide notification number S.O.317(E) dated the 11 th May, 1999 for a period of two years beginning with assessment year 2000-2001 which was extended further vide notification number S.O.552(E) dated the 20 th June, 2001 for a period of two years beginning with assessment year 2002-2003 which was extended further vide notification number S.O.688(E) dated the 13 th June, 2003 for a period of one year beginning with assessment year 2004-2005; And whereas by notification number S.O.260(E) dated 29 th March, 1997, the estimated cost was enhanced from ₹ 2.30 lakhs to ₹ 15.00 lakhs and which was amended further vide notification number S.O.1371(E) dated the 27 th November, 2003, the estimated cost was enhanced from ₹ 15.00 lakhs to ₹ 30.00 lakhs; And whereas, the said project or scheme is likely to extend beyond eight 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 two 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 Mid-day Meal Scheme in three schools of Bangalore, which is being carried out by Maria Seva Sangha, Villa Maria, No. 12 Rest House road, Bangalore-560001, without any change in the approved cost i.e. ₹ 30.00 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2004-2005. [F.NO.NC-270/01/2005]