Notification No. 38/2014 [F.No.203/23/2014-ITA.II]

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| Government of India |
7 Ministry of Finance
] Department of Revenue
Central Board of Direct Taxes
: Notification
: FORM NO. 3CP
: 1. Name, address and PAN of the applicant | Rallis India Limited, 156/157, 13
Floor, Nariman Bhawan, 227, |
“Nariman Point, Mumbai-400021
_ AABCR2657N) ss
2, a of the agricultural extension project Rallis Kisan Kutumb-Rallis |
Crop Advisory Centres CRKK- |
_ _ RCAC's’) 2
3, Purpose of the agricultural extension oroject To provide timely and quality |
| advice to farmers and create |
| | differentiation in serving farming
: | | community. They provide advice to
| 'farmers on crop package of practices, pest incidence, control |
— _ _ measures and product usages. __|
«4. Raference No. and date of the application FNo. 203/23/2014-ITA.II received
: oe | on 24.07.2014 eves |
“5. Date of commencement of tne agricultural | Already commenced. However, |
extansion project approval shall be effective from the |
'date of Issue of this formal |
| Notification u/s 35CCC of the LT. |
: A oe oF Duration of the agricultural extension project in ; Ongoing project. |
| | montns er ; .
7 Assessment year(s) for which the agricultural | From date of formal Issue of |
) extension project is being notified (not | Notification till A.Y. 2016-17. |
| exceeding three years) _ i n Total expenses likely to be incurred for the |A.Y. 2015-16 (applicant has |
agricultural extension project (other than cost claimed expenses of RS.
of land or building) 43, 39,600/-. However, as project is |
| being accorded approval from subsequent date in the F.Yr. 2014-
2015, the expected expenditure for the relevant period would be much lesser) while for A.Y. 2016-17, likely expenditure is Rs. |
7 47,03,410/-.
|9 Amount, if any, to be charged from each | NIL |
| : beneficiary of agricultural extension project. N _
10. Conditions subject to which agricultural extension project titled CRKK-RCAC'S) is being notified are as under:

(i) The approved entity undertaking agricultural extension project shall maintain separate hooks of account of the agricultural extension project notified under sub-section (1) of section 35CCC, and get such books of account audited by an accountant as defined in the Explanation below sub-section (2) of section 288.

| -2-
: (ii) The audit report referred to in sub-rule (1) shall include the comments of the
| auditor on the true and fair view of the books of account maintained for agricultural
| extension project, the genuineness of the activities of the agricultural extension project and fulfillment of the conditions specified in the.relevant provisions of the y Act or the rules or the conditions mentioned in the notification issued under sub-
4 rule (6) or sub-rule (9) of rule GAAD.
| (iii) © The approved entity shail not accept any amount from the beneficiary under the eligible agricultural extension project for training, education, guidance or any material distributed for the purposes of such training, education or guidance. |

(iv) The approved entity shall not get any direct or indirect benefit from the notified agricultural extension project except the deduction of the eligible expenditure in accordance with the provisions of section 35CCC of the Act, rule 6AAD and this rule.

(v) Under the project only product neutral training will be given except a snort

session on company’s profile and products.

(vi) All expenses (not being expenditure in the nature of cost of any land or building), as reduced by the amount received from beneficiary, if any, incurred wholly and exclusively for undertaking an eligible agriculturai extension project shall be eligible for deduction under section 35CCC:

Provided that any expenditure incurred on the agricultural extension oroject which is reimbursed or reimbursable to the assessee by any person, whether directly or indirectly, shall not be eligible for deduction under section

35CCC.

(vii) Where a deduction under this section 35CC of the Act is claimed and allowed

for any assessment year, deduction shall not be allowed in respect of such
| expenditure under any other provisions of the Act for the same or any other
~ assessment year.

(viii) Database of extension workers under this project would be given to the

District Agricultural Committee (DAC) concerned in the respective states.
(ix) The approved entity shall, on or before the due date of furnishing the return of income under sub-section (1) of section 139, furnish the following to the
Commissioner of Income-tax or the Director of Income-tax, as the case may be, namely:-
| a. the audited statement of accounts of the agricultural extension projects
| for the previous year along with the audit report and amount of deduction claimed under sub-section (1) of section 35CCC)
b. a note on the agricultural extension project undertaken by it during the previous year and the programme of agricultural extension project to be
| undertaken during the current year and the financial allocation for such programme; and

3.
C. a certificate from the Ministry of Agriculture, Government. of India,
7 regarding the genuineness of the agricultural extension project
: undertaken by the assessee during the previous year:
| - (x) The Central Board of Direct Taxes. shal withdraw, the approval if the
| approved entity:-
a. has ceased its activities: or
D. its activities are found to be non-genuine; or
Cc. its activities are not being carried out in accordance with all or any of the relevant provisions of the Act or Rules; or |
d. its activities are not being carried out in accordance with all or any of the conditions subject to which the notification is being issued.
Place: New-Delhi '
Dated: /08/2014 KOA
(Richa Rastogi)
Under Secretary to the Government of India
| : (F.No. 203/23/2014-ITA.II)
|
| Notification No, /2014
| TO,
| The Manager,
| Govt. of India Press,
Mayapuri, New Delhi
Copy forwarded to:
1. Rallis India Limited, 156/157, 15" Floor, Nariman Bhawan, 227, Nariman
; Point, Mumbai-400021 (Pan No.: AABCR2657N).
| 2. Ministry of Agriculture, Krishi Bhawan, New-Delhi.
3. Commissioner of Income-tax, concerned.
| +. The Department of Agriculture of the concerned State.
| 2. The Agricultural Technology Management Agency (ATMA) of the concerned
. District(s).
| 6 Comptroller & Auditor General of India a 7 Pr. CCIT, Mumbai
& 8 Concerned file )
. J Ministry of Law & Justice (correction section), N.Dethi
| 10 DGIT(Systems), New Delhi for placing it on the website:incometax dia.gov.in
11 Guard File )
12 ITCC, CBDT (4 copies) \ A a (Richa Rastogi)
Under Secretary to the Government of India