U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Shree Panchmahal Anusuchit Jati Education Trust, Gujarat - 134/2015 - Income Tax

NOTIFICATION NO. 134/2015 DATED 4-6-2015 SO 1480(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1649(E), dated 12.07.2010 i ssued 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 13, Expansion running the school for deaf dumb students by Shree Panchmahal Anusuchit Jati Education Trust, Adadara Ta, Kalol District, Panchmahal, Gujarat. , as an eligible project or scheme, at the estimated cost of ₹ 1.90 crore for a period of three years ending with financial year 2012-13; And whereas the said project or scheme is likely to extend beyond 3 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 Expansion running the school for deaf dumb students , which is being carried out by Shree Panchmahal Anusuchit Jati Education Trust, Adadara Ta, Kalol District, Panchmahal, Gujarat , without any change in the approved cost of ₹ 1.90 crore for a further period of three years commencing with financial years 2013-14 i.e. 2013-14, 2014-15 and 2015-16. Since the financial years 2013-14 and 2014-15 has already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial years 2013-14 and 2014-15. [F.NO.V.27015/1/2015-SO(NAT.COM)]