U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Vedanta Foundation, Mumbai - 126/2015 - Income Tax

NOTIFICATION NO. 126/2015 DATED 4-6-2015 S.O. 1472(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 743(E), dated 11.4.2011 , 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 6, Vedanta Super-30 by Vedanta Foundation, Opposite Niranjan Building, Corner of E Road, Marine Drive, Mumbai-400 002 , as an eligible project or scheme, at the estimated cost of 942.26 lakh for a period of three years ending with financial year 2014-15; 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 Vedanta Super-30 , which is being carried out by Vedanta Foundation, Opposite Niranjan Building, Corner of E Road, Marine Drive, Mumbai - 400 002 , without any change in the approved cost of 942.26 lakh, for a further period of three years commencing with financial years 2015-16 i.e 2015-16, 2016-17 2017-18. [F.NO.V.27015/1/2015-SO(NAT.COM)]