NOTIFICATION NO. 80/2013

DATED 27-12-2013

S.O. 3831(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2545(E) dated 6.10.2009, 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 2, "Integrated Development of boys, girls and women from slum dwellers Construction and Development of a multifaceted training centre" by "Prayas Social Welfare Society, D.C. Model Sr. Sec. School, Sector - 09, Faridabad 121006", as an eligible project or scheme at the estimated cost of ₹ 3.11 crore, for a period of two years beginning with financial year 2009-10; which was further extended vide notification S.O. No. 1378(E) dated 14.06.2011 for a period of three years ending with financial year 2013-14.

And whereas the said project or scheme is likely to extend beyond five 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 and enhancement in the estimated cost;

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 "Integrated Development of boys, girls and women from slum dwellers Construction and Development of a multifaceted training centre", which is being carried out by Prayas Social Welfare Society, D.C. Model Sr. Sec. School, Sector -09, Faridabad 121006, as an eligible project or scheme for a further period of three financial years commencing with the financial year the financial year 2014-15 i.e. 2014-15, 2015-16 and 2016-17.

(b)  further amends the said notification number S.O. 2545(E) dated 6.10.2009 read with notification number S.O. No. 1378(E) dated 14.06.2011, to the following effect, namely:-

In the said notification, in the Table against serial number 2, in column (4), relating to maximum amount of cost to be allowed as deduction under Section 35 AC, for the letters, figures and words "₹ 3.11 crore", the letters, figures and words "₹ 7.77 crore" shall be substituted.

[F.NO.27015/3/2013-SO (NAT.COM)]