Notification u/s 35AC : Specifies the scheme or project “Recycle Recover Reuse of plastic waste in an eco-friendly manner”, which is being carried out by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mansion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai - 134/2012- S.O. 663(E) - Income Tax

Notification No. 134/2012 12 th March 2013 S.O. 663(E) -Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S. O. 1124(E), dated 29th September 2003 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 10, Recycle Recover Reuse of plastic waste in an eco-friendly manner by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mansion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai-400 001, as an eligible project or scheme for a period of three years beginning with the assessment year 2004-05, which was extended further vide notification number S. O. 1424(E), dated 4th October, 2006 , for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 1262(E), dated 18th May, 2009 for a period of three years beginning with the financial year 2009-10 ; And whereas by notification number S. O. 1424(E), dated 4th October, 2006 ,, the address of the institution was changed ; And whereas by notification number S. O. 2605(E), dated 14th October, 2009 the cost was enhanced from Rs. 10.00 crore to Rs. 20.00 crore ; And whereas the said project or scheme is likely to extend beyond nine 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 35AC of the Income-tax Act, 1961 (43 of 1961), , (a) hereby specifies the scheme or project Recycle Recover Reuse of plastic waste in an eco-friendly manner , which is being carried out by Indian Centre for Plastics in the Environment, 2nd Floor, Kushesh Mansion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai-400 001, without any change in the approved cost of Rs. 20.00 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e., 2012-13, 2013-14 and 2014-15. [F. No. V-27015/4/2012-SO (NAT.COM)]