U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Impact India Foundation, Mumbai - 86/2015 - Income Tax

NOTIFICATION NO. 86/2015 DATED 11-2-2015 S.O. 456(E) - Whereas by notification, of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1275(E) dated the 9th December, 2002, 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 1, Disability Reduction Project by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai - 400002 , as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004, which was extended further vide notification number S.O.1007(E) dated the 5th July, 2006 for a period of two years beginning with financial year 2006-2007 and which was extended further vide notification number S.O.2397(E) dated the 3rd October, 2008 for a period of three years beginning with financial year 2008-09 and which was further extended vide notification number S.O. 1870(E) dated 11.8.2011 for a period of three years ending with financial year 2013-14. And whereas the said project or scheme is likely to extend beyond eleven 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 Disability Reduction Project being carried out by Impact India Foundation, NHAVA House, 65, Maharshi Karve Road, Mumbai -400002 , without any change in the approved cost of ₹ 590.00 lakh, as an eligible project or scheme 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)]