NOTIFICATION NO. SO 3053(E) [NO.243/2015 (F.NO.V.27015/3/2015-SO (NAT.COM))], DATED 10-11-2015

SECTION 35AC OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES

NOTIFICATION NO. SO 3053(E) [NO.243/2015 (F.NO.V.27015/3/2015-SO (NAT.COM))]DATED 10-11-2015

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2366(E) dated 4.10.2012 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 8, “Project Proposal seeking financial assistance for Vocational Training and placement centre for the rural poor people of the Jajpur district” by “Sishu Kalyana Swadhikar Kendra, At. Jageswarpur, PO /Dist. Jajpur, Odisha – 755 001”, as an eligible project or scheme, at the estimated cost of Rs. 5.50 crore for a period of three years ending with financial year 2014-15;

And whereas the said project or scheme is likely to extend beyond 3 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 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 “Project Proposal seeking financial assistance for Vocational Training and placement centre for the rural poor people of the Jajpur district”, which is being carried out by “Sishu Kalyana Swadhikar Kendra, At. Jageswarpur, PO /Dist. Jajpur, Odisha – 755 001”, without any change in the approved cost of Rs. 5.50 crore, for a further period of three years commencing with financial year 2015-16 i.e 2015-16, 2016-17 & 2017-18.