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NOTIFICATION NO. 34/2007, DATED 15-2-2007
February, 15th 2007

Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Number S.O. 308(E), dated the 11th May, 1999, 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 7, for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401 as an eligible project or scheme for a period of three years beginning with assessment years 2000-01 and which was extended further vide notification Number S.O.898(E), dated the 5th August, 2003 for a period of three years beginning with assessment year 2003-04;

AND WHEREAS by notification Number S.O. 898(E), dated the 5th August, 2003 the estimated cost was enhanced from Rs. 5.00 lakhs to Rs. 10.36 lakhs;

AND WHEREAS the said project or scheme is likely to extend beyond six 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 35 AC of the Income-tax Act, 1961 (43 of 1961), hereby specifies the scheme or project for running of six education center, mobile medical unit and construction of low-cost houses under Palli Unnayan Prakalpa Project, Near Contai Town, Midnapore, West Bengal which is being carried out by Ramakrishna Mission Sevashrama, P.O. Contai, District-Midnapore, West Bengal-721401, without any change in the approved cost of Rs. 10.36 lakhs, as an eligible project or scheme for a further period of two years commencing from the financial year 2006-07 and financial year 2005-06 is already over and no donation can be collected for that financial year.

                                                                                             [F. No. NC-274/04/2006]

 
 
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