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Notification u/s 35AC - Amendment Notification Number S.O. 1052(E), dated 11th May, 2010. - 37/2013 - S.O. 3155(E) - Income TaxExtract NOTIFICATION NO. 37/2013 DATED 17-10-2013 S.O. 3155(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. No. 1052(E), dated 11th May, 2010 , 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 11 for "Rehabilitation of orphans and destitute" by "Udavum Karangal, No. 460, N.S.K. Nagar, Arumbakkam, Chennai 600 106, Tamilnadu", at an estimated cost of Rs. 11.97 crore, as an eligible project or scheme for a period of two financial years beginning with assessment year 2010-11; which was extended further vide notification number S.O. No. 465(E), dated 16th March, 2012 , for a period of three years ending with financial year 2014-15. 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 enhancement in the project cost; 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 amends the said notification number S.O. 1052(E), dated 11th May, 2010 , to the following effect, namely:- In the said notification, in the Table against serial number 11, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs. 11.97 crore," the letters, figures and words "Rs. 28.26" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]
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