U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - Deepak Charitable Trust, Baroda - 121/2011 - Income Tax

U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on - Deepak Charitable Trust, Baroda Notification No.121/2011 Dated 27-12-2011 S.O. 2882(E),- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.604(E), dated the 20th May, 2004 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 12, "Safe motherhood and child survival project" by Deepak Charitable Trust, 9-10, Kunj Society, Alkapuri, Baroda - 390 007, as an eligible project or scheme for a period of three years beginning with financial year 2003-04 which was extended further vide notification number S.O.250(E), dated the 15th February, 2007 for a period of three years beginning with financial year 2006-07 and which was extended further vide notification number S.O. 844(E), dated 25th March, 2009 for a period of three years beginning with financial year 2009-10; And whereas the said project or scheme is likely to extend beyond nine 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 one year; 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 "Safe motherhood and child survival project" which is being carried out by Deepak Charitable Trust, 9-10, Kunj Society, Alkapuri, Baroda - 390 007, without any change in the approved cost of Rs. 24.96 crore, as an eligible project or scheme for a further period of one year commencing with the financial year 2012-13. [F.No.V-27015/5/2011-SO (NAT.COM)]