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Explanation to section 35AC - running of Destitute Centre at Bhilarewadi, Katraj, Pune by Janaseva foundation Indulal Complex Above Rupee Co-Op. Bank, Navi Peth, L.B.S. Road, Pune - 035/2007- S.O. 236 (E) - Income TaxExtract Explanation to section 35AC - running of Destitute Centre at Bhilarewadi, Katraj, Pune by Janaseva foundation Indulal Complex Above Rupee Co-Op. Bank, Navi Peth, L.B.S. Road, Pune [TO BE PUBLISHED IN THE GAZETTE OF INDIA , EXTRAORDINARY, PART-II, SECTION 3, SUB-SECTION (ii)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi , dated the 15th February, 2007 S.O. 236 (E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.606(E) dated the 7th June, 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 specified at serial number 3, for Construction and running of Destitute Centre at Bhilarewadi, Katraj, Pune by Janaseva foundation Indulal Complex Above Rupee Co-Op. Bank, Navi Peth, L.B.S. Road, Pune-411030 as an eligible project or scheme for a period of two years beginning with assessment year 2002-2003 and which was extended further vide notification number S.O.1247(E) dated the 30th October, 2003 for a period of three years beginning with assessment year 2004-2005; And whereas the said project or scheme is likely to extend beyond five 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 specifying the said project or scheme for a further period of two years; Now, therefore, the Central Government, in exercise of the powers conferred by subsection (1) read with clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby specifies the scheme or project for Construction and running of Destitute Centre at Bhilarewadi, Katraj, Pune which is being carried out by Janaseva foundation Indulal Complex Above Rupee Co-Op. Bank, Navi Peth, L.B.S. Road, Pune-411030, without any change in the approved cost of ₹ 118.48 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2006-2007. [F.No.35-2007/F.No. NC-274/04/2006] D.P. Sengupta, Secretary (National Committee)
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