U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on "Comprehensive rehabilitation, medical & human resource development services for the blind and disabled" by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 124/2011 - Income Tax

U/s. 35AC, IT Act, 1961 - Eligible projects or schemes, expenditure on "Comprehensive rehabilitation, medical human resource development services for the blind and disabled" by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad Notification No. 124/2011 Dated 27-12-2011 S.O. 2885(E),- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1111(E), dated the 8th August, 2005, 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 2, "Comprehensive rehabilitation, medical human resource development services for the blind and disabled" by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 380 015, Gujarat, as an eligible project or scheme for a period of three years beginning with financial year 2005-06 and which was extended further vide notification number S.O. No. 2394(E), Dated 3rd October, 2008 for a further period of three year beginning with financial year 2008-09; And whereas by notification number 2394(E), dated the 3rd October, 2008 the estimated cost was enhanced from Rs. 2.5 crore to Rs. 6.00 crore; And whereas the said project or scheme is likely to extend beyond six 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 extending the said project or scheme for a further period of three years and amending the project cost from Rs.6.00 crore to Rs. 11 crore; 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 "Comprehensive rehabilitation, medical human resource development services for the blind and disabled", which is being carried out by Blind People's Association, Jagdish Chowk, Surdas Marg, Vastrapur, Ahmedabad - 380 015 for a further period of three years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 2013-14; (b) further amends the said notification number S.O.1111 (E), dated the 8th August, 2005, to the following effect, namely: In the said notification, in the Table against serial number 2, in column (4), relating to maximum cost to be allowed as deduction under section 35AC of Income Tax Act, 1961, for the letters, figures and word "Rs. 6.00 crore" the letters, figures and word "Rs. 11.00 crore" shall be substituted. [F.No.V-27015/5/2011-SO (NAT.COM)]