U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Bannari Rural Foundation, Erode - 98/2013 - Income Tax

NOTIFICATION NO. 98/2013 DATED 27-12-2013 S.O. 3849(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 3021 (E), dated 23.12.2010, 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 32, Development under health, sanitation and education by Bannari Rural Foundation, Bannari Amman Sugars Complex, Alathukombai, Sathyamangal, Erode - 638 401 , at the estimated cost of ₹ 6.09 crore, as an eligible project or scheme for a period of three years beginning with financial year 2010-11. And whereas the said project or scheme is likely to extend beyond three 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 Advancement of Running and Support Education Institutions , which is being carried out by Bannari Rural Foundation, Bannari Amman Sugars Complex, Alathukombai, Sathyamanga, Erode - 638 401 , without any change in the approved cost of ₹ 6.09 crore, as an eligible project or scheme for a further period of three years beginning with financial year 2013-14 i.e., 2013-14, 2014-15 and 2015-16. [F.NO.27015/3/2013-SO (NAT.COM)]