U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Krishnamurthi Foundation India, Tamilnadu - 23/2015 - Income Tax

NOTIFICATION NO.23/2015 DATED 6-1-2015 S.O. 74(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.121(E) dated 12.01.2009 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 5, Rishi Valley Rural Education Centre by Krishnamurthi Foundation India, Vasant Vihar, Door No. 124-126 (old No.64-65), Greenways Road, Raja Annamalaipuram, Chennai - 600 028, Tamilnadu , as an eligible project or scheme, at the estimated cost of ₹ 1.5 crore, for a period of three years ending with financial year 2010-11; and which was further extended-vide notification number S.O. 881(E) dated 27.4.2011 for a period of three years ending with financial year 2013-14; And whereas the said project or scheme is likely to extend beyond 6 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), hereby notifies the scheme or project Rishi Valley Rural Education Centre , which is being carried out by Krishnamurthi Foundation India, Vasant Vihar, Door No. 124-126 (old No.64-65), Greenways Road, Raja Annamalaipuram, Chennai - 600 028, Tamilnadu, without any change in the approved cost of ₹ 1.5 crore, for a further period of three years commencing with financial year 2014-15 i.e., 2014-15, 2015-16 and 2016-17. [F.NO.V.27015/3/2014-SO(NAT.COM)]