Section 35AC - Eligible projects or schemes - Maintenance of animal hospitals or shelters and the project" by People for Animals, 14, Ashoka Road, New Delhi - Amendment in Notification No. S.O. 60(E), dated 22-1-2003 - S.O. 1147(E) - Income Tax

Section 35AC - Eligible projects or schemes - Maintenance of animal hospitals or shelters and the project" by People for Animals, 14, Ashoka Road, New Delhi - Amendment in Notification No. S.O. 60(E), dated 22-1-2003 Notification No. 46/2010 Dated: 17-5-2010 S.O. 1147(E):- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue), number S.O. 60(E), dated the 22nd January, 2003, 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 7, "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" by People for Animals, 14, Ashoka Road, New Delhi-110001, as an eligible project or scheme for a period of three years with assessment year 2003-04 which was extended further vide notification number S.O. 1599(E), dated the 14th November, 2005 for a period of three years beginning with financial year 2005-06 and which was extended further vide notification number S.O. 1466(E), dated 17th June, 2008 for a period of three years beginning with financial year 2008-09: 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 enhancing the project cost from Rs. 4.90 crore to Rs. 14.90 crore; Now, therefore, the Central Government, in exercise of the powers conferred by sub-section (1) read with clause (b) of the Explana tion to section 35AC of the Income-tax Act, 1961 (43 of 1961) , hereby notifies the scheme or project "Maintenance of animal hospitals or shelters, purchase of medicine, feed, ambulances and running of animal awareness programme and the project" which is being carried out by People for Animals, 14, Ashoka Road, New Delhi-110001; (b) further amends the said notification number S.O. 60(E), dated the 22nd January, 2003, to the following effect, namely :- In the said notification, in the Table against serial number 7, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and word "Rs. 4.90 crore", the letters, figures and word "Rs. 14.90 crore" shall be substituted.' [F.No. V-27015/1/2010-so]