U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Population & Social Development, Durgapur, West Bengal - S.O. 3052(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 242/2015 New Delhi, the 10 th November, 2015 S.O. 3052(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2349(E) dated 28th September, 2010 , 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 11, Livelihoods enhancement of Hardcore Rural Poor by Population Social Development, 10, Kabi Jassmuddin Path, City Centre, Durgapur-713216, West Bengal , as an eligible project or scheme for a period of three years beginning with financial year 2010-11; And whereas by notification number S.O.483(E) dated the 12.03.2013 (SIC) the estimated cost was enhanced from ₹ 9.00 crore to ₹ 20.58 crore including a corpus fund of ₹ 9.00 crore. And whereas the said project or scheme is likely to extend beyond 3 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 Livelihoods enhancement of Hardcore Rural Poor , which is being carried out by Population Social Development, 10, Kabi Jassmuddin Path, City Centre, Durgapur-713216, West Bengal , without any change in the approved cost of 20.58 crore including a corpus fund of ₹ 9.00 crore, for a further period of three years commencing with financial year 2013-14, i.e., 2013-14 ,2014-15 2015-16. Since the financial years 2013-14 and 2014-15 have already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial years 2013-14 and 2014-15; [F. No.V. 27015/3/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)