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U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Jankidevi Bajaj Gram Vikas Sanstha, Pune - 116/2011 - Income TaxExtract NOTIFICATION NO. 116/2011 New Delhi, the 18 th October, 2011 S.O. 2410(E) . - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.878(E) dated the 30 th November, 1992 , 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 3, Integrated Rural Development Project by Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey No.4272, Behind Akurdi Post Office, Akurdi, Pune - 411 035, as an eligible project or scheme for a period of three years beginning with assessment year 1993- 1994, which was extended further vide notification number S.O.293(E) dated the 4 th April, 1995 for a period of three years beginning with assessment year 1996-1997, which was extended further vide notification number S.O. 438(E) dated the 20 th May, 1998 for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O.1384(E) dated the 30 th December, 2002 for a period of three years beginning with assessment year 2002-2003 and which was extended further vide notification number S.O.789(E) dated the 5 th July, 2004 for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number S.O.2400(E) dated the 3 rd October, 2008 for a period of two years beginning with financial year 2008-09 to give the applicant time to spend the already collected amount u/s. 35AC without raising further amount during the period: the period was further extended vide notification S.O. No 644(E) dated 22 nd March, 2010 for further three years beginning with financial year 2010-11; And whereas by notification number S.O. 438(E) dated the 20 th May, 1998 the estimated cost was enhanced from ₹ 118-00 lakh to ₹ 180.72 lakh. vide notification number S.O.319(E) dated the 11 th May, 1999 the estimated' cost was further enhanced from ₹ 182.72 Iakh to ₹ 298.60 lakh and vide notification number S.O.789(E) dated the 5 th July, 2004 the estimated cost was further enhanced from ₹ 298.60 Iakh to ₹ 704.14 lakh vide notification number S.O.No.2604(E) dated 14.10.2009 the project cost was further enhanced from ₹ 704.14 lakh to ₹ 821.80 Iakh vide notification number S.O.644(E) dated 22 nd March, 2010 the estimated cost was further enhanced from ₹ 821.80 lakh to ₹ 1219.80 lakhs; And whereas the said project or scheme is likely to, extend beyond eighteen 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 amending the area of project work; 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 Integrated Rural Development Project being carried out by Jankidevi Bajaj Gram Vikas Sanstha, C/o Samaj Seva Kendra, Survey No.4272, Behind Akurdi Post Office, Akurdi, Pune 411035. (b) further amends the said notification number S.O.878(E) dated the 30th November, 1992 , to the following effect, namely :- In the said notification, in the Table against serial number 3, in column (3) the following may be added to the area of work under the project Integrated Rural Development Project , villages in Wardha district apart from villages of Pune Aurangabad districts in Maharashtra Sikar District in Rajasthan within the limit of already apprdved cost . [F. No. V-27015/4/2011-SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)
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