Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore by Maria Seva Sangha. as an eligible project or scheme - Amendment in N. No S.0.469(E) dated the 2nd July, 1996 - 323/2003 - Income Tax

Exemption u/s 35AC - Central Government had specified for Mid-day Meal Scheme in three schools of Bangalore by Maria Seva Sangha. as an eligible project or scheme - Amendment in N. No S.0.469(E) dated the 2nd July, 1996 Notification No : 323 Date of Issue : 27/11/2003 S.O.1371(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.0.469(E) dated the 2nd July, 1996, 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 Mid-day Meal Scheme in three schools of Bangalore, by Maria Seva Sangha. Villa Maria, No. 12 Rest House road, Bangalore-560001, as eligible project or scheme for a period of three years beginning with assessment year 1997-1998 which was extended further vide notification number S.0.317(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.0.552(E) dated the 20 th June, 2001 for a period of two years beginning with assessment year 2002-2003 and 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, the National Committee for the 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 enhanced the approved cost of the project from ₹ 15.00 lakhs to 30.00 lakhs; 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 of 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 as an eligible project or scheme and further amends the said notification number S.O. 469(E) dated the 2 nd July, 1996, to the following effect, namely:- In the said notification, in the Table against serial number 5, in column (4), the committee, however, enhanced the approved cost of the project from ₹ 15.00 lakhs to ₹ 30.00 lakhs, i.e., approved cost of the project shall be substituted. F.No.NC-240/2003