U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Sevalaya, Thiruninravur - 206/2015 - Income Tax

NOTIFICATION NO. 206/2015 New Delhi, the 20th July, 2015 S.O. 1993(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 737(E) dated 13th March, 2009 , 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 4, Children s Home Project by Sevalaya, Sevalaya Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024 , as an eligible project or scheme for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 2898(E) dated the 27th December, 2011 and a corrigendum S.O. No. 2560 (E) dated 26.10.2012 for a period of three years beginning with financial year 2012-2013; 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 1 [ Children s Home Project ] which is being carried out by Sevalaya, Sevalaya Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024 , without any change in the approved cost of ₹ 3.63 crore including a corpus fund of ₹ 3.00 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2015-16 i.e 2015-16, 2016-17 2017-18. [F. No. V.27015/2/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee) -------------------------- Notes:- 1. Substituted vide Not. 215/2015 - Dated 16-10-2015 , before it was read as, Sevalaya Primary School Building Project