U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Seva Mandal Meghraj, Gujarat - 70/2015 - Income Tax

NOTIFICATION NO.70/2015 DATED 11-2-2015 S.O. 440(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 2370(E) dated 3rd October, 2008, issued under sub-section (1) read with 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 33, Tribal Development by Seva Mandal Meghraj, AT PO Kasana , Tal Meghraj, District Sabarkantha, Gujarat , as an eligible project or schema for a period of three years beginning with financial year 2008-09 and which was subsequently extended vide notification number S.O. 2896(E) dated 27.12.2011 for a period of three years commencing with financial year 2011-12; 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 Tribal Development which is being carried out by Seva Mandal Meghraj, AT PO Kasana , Tal Meghraj, District Sabarkantha, Gujarat , without any change in the approved cost of ₹ 2.76 crore, for a further period of three years commencing with the financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17. [F.NO.V.27015/3/2014-SO(NAT.COM)]