Exemption u/s 35AC – Amendments in Notification no. SO 135(E), dated the February 3, 2006 - projects of 'National Centre for Adolescents' by Urivi Vikram Charitable Trust, New Delhi - SO 1311(E) - Income Tax

Notification No. SO 1311(E) [F. No. NC-274/08/2008] dated 4-6-2008 Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number SO 135(E), dated the February 3, 2006, issued under 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 9, 'National Centre for Adolescents' by Urivi Vikram Charitable Trust MCD Shopping Complex, Ist Floor (Near Central School), Tagore Garden Extension, P.O. Box No. 6557, New Delhi - 110 027, as an eligible project or scheme for a period of three years beginning with financial year 2005-06; And whereas the said project or scheme is likely to extend beyond three 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; 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 'National Centre for Adolescents' being carried out by Urivi Vikram Charitable Trust, MCD Shopping Complex, 1st Floor (Near Central School), Tagore Garden Extension, P.O. Box No. 6557, New Delhi - 110 027, without any change in the approved cost of Rs. 2 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2008-09.