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Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi by The Memorial Fund for Disaster Relief India - 124/2007 - Income TaxExtract Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi by The Memorial Fund for Disaster Relief India NOTIFICATION NO. 124/2007, DATED 29-3-2007 S.O. 487(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O. 224(E), dated the 16 th March, 1994, 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 World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla road, New Delhi, as an eligible project or scheme for a period of two years beginning with assessment year 1994-95 which was extended further vide notification number S.O.297(E), dated the 14 April, 1995 for a period of three years beginning with assessment year 1996-97 which was extended further vide notification number S.O. 916(E), dated the 29 th December, 1997 for a period of three years beginning with assessment year 1999-2000 which was extended further vide notification number S.O.566(E), dated the 20 th June, 2001 for a period of three years beginning with assessment year 2002-03 and which was extended further vide notification number S.O.132(E), dated the 22 nd February, 2005 for a period of three years beginning with financial year 2004-05; AND WHEREAS by notification number S.O.566 (E), dated the 20 th June, 2001 the estimated cost was enhanced from ₹ 40,41,600 to ₹ 338.19 lakhs, AND WHEREAS the said project or scheme is likely to extend beyond fifteen 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 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 specifies the scheme or project for World Memorial Fund T.B. Project-Four mobile teams at Sikkim, Himachal Pradesh, Surat and Delhi which is being carried out by The Memorial Fund for Disaster Relief India, C/o The Delhi Cheshire Home, Okhla road, New Delhi, without any change in the approved cost of ₹ 338.19 lakhs, as an eligible project or scheme for a further period of three years commencing from the financial year 2007-08. [F.No.NC-274/3/2007]
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