Notification u/s 35AC - Notifies the scheme or project "Sri Venkateswara Pranadana Trust", which is being carried out by Sri Venkateswara Pranadana Trust, T.T.D. Admin. Building, K.T. Road, T.T. Devasthanams, Tirupati, Andhra Pradesh - 125/2012 - Income Tax

NOTIFICATION NO. 125/2012 DATED 12-3-2013 SO 654(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1794(E), dated 23rd October, 2007 , 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 1, Sri Venkateswara Pranadana Trust by Sri Venkateswara Pranadana Trust, T.T.D. Admin. Building, K.T. Road, T.T. Devasthanams, Tirupati, Andhra Pradesh, as an eligible project or scheme for a period of three years beginning with financial year 2007-08 and which was extended further vide notification number S.O. 794(E), dated 23rd October, 2007 for a period of three years beginning with financial year 2010-11; 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 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 "Sri Venkateswara Pranadana Trust", which is being carried out by Sri Venkateswara Pranadana Trust, T.T.D. Admin. Building, K.T. Road, T.T. Devasthanams, Tirupati, Andhra Pradesh, without any change in the approved cost of Rs. 78.00 crore, as an eligible project or scheme for a further period of three financial years commencing with 2013-14 i.e. 2013-14, 2014-15 2015-16. [F.NO. V- 27015/4/2012-SO(NAT.COM)]