Notification u/s 35AC - Notifies the scheme Prayas Juvenile Aid Centre, Delhi - 54/2012 - Income Tax

Notification No. 54/2012 Dated : 14.05.2012 S.O. 1087 (E)- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S. O. 1084(E), dated 11th October, 2002, 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 notified at serial number 1, Prayas Juvenile Aid Centre, Delhi by Prayas Juvenile Aid Centre, Flat. No. 1-X, Block No. F, Jahangirpuri, Delhi - 110 033, as an eligible project or scheme for a period of three years beginning with the assessment year 2003-04, which was extended further vide notification number S. O. 147(E), dated 3rd February, 2006, for a period of three years beginning with the financial year 2005-06 and which was extended further vide notification number S. O. 238(E), dated 21st January, 2009 , for a period of three years beginning with the financial year 2008-09 ; And whereas the said project or scheme is likely to extend beyond nine 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 extending 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 notifies the scheme or project Prayas Juvenile Aid Centre, Delhi which is being carried out by Prayas Juvenile Aid Centre, Flat No. 1-X, Block No. F, Jahangirpuri, Delhi-110 033, without any change in the approved cost of ₹ 324.68 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2011-12, i.e., 2011-12, 2012-13 and 2013-14 but with a direction that as the financial year 2011-12 has lapsed, no certificate under section 35AC shall be issued for the financial year 2011-12. [F. No. V. 27015/2/2012-SO (NAT.COM)]