Exemption u/s 35AC – Amendments in Notification no. SO 708(E), dated the May 25, 2005 projects of 'Providing mid-day meal to 50,000 school-students in Delhi' by Iskcon Food Relief Foundation - SO 1312(E) - Income Tax

Notification No. SO 1312(E) [F. No. NC-274/08/2008] dated 4-6-2008 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 708(E), dated the May 25, 2005, issued under 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 17, 'Providing mid-day meal to 50,000 school-students in Delhi' by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai - 400049, as an eligible project or scheme for a period of three years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond three years; 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 extending the said project or scheme for a further period of three years and amending the project cost from Rs. 3.64 crore to Rs. 10.7311 crore; 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 notifies the scheme or project 'Providing mid-day meal to 50,000 school-students in Delhi', being carried out by Iskcon Food Relief Foundation, Hare Krishna Land, Juhu, Mumbai - 400 049 for a period of three more years beginning with financial year 2008-09; and ( b ) further amends the said notification number SO 708(E), dated the May 25, 2005, to the following effect, namely :— In the said notification, in the Table against serial number 17, in column (4), relating to maximum cost for which allowed, for the letters, figures and word 'Rs. 3.64 crore' the letters, figures and word 'Rs 10.7311 crore' shall be substituted.