NOTIFICATION NO. 99/2013

DATED 27-12-2013

S.O. 3850(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 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 19, Expansion of Jindal Pre-University College to Jindal Rural college by Pragun Jindal Educational Organisation, Chikabidarakallu village, Taluka Nelmangala, Dasanpura Hobli, District Bangalore-560073, as an eligible project or scheme for a period of three years beginning with financial year 2008-09; which was further extended vide notification number S.O. 2401(E), dated 18.10.2011 for three years ending with financial year 2013-14.

And whereas by notification number S.O.1796(E), dated the 21st July, 2010 the estimated cost was amended from ₹ 14 crore to ₹ 29 crore including a corpus fund of ₹ 10 crore;

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 extending the said project or scheme for a further period of three year.

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 "Expansion of Jindal Pre-University College to Jindal Rural college", is being carried out by Pragun Jindal Educational Organisation, Chikabidarakallu village, Taluka Nelmangala, Dasanpura Hobli, District Bangalore- without any change in the approved cost of ₹ 29.00 crore including corpus fund of ₹ 10 crore i.e., ₹ 11 crore for non-recurring expense, ₹ 8 crore for recurring expense and ₹ 10 crore as corpus fund, as an eligible project or scheme for a further period of three years commencing with financial year 2014-15 i.e. 2014-15, 2015-16 and 2016-17.

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