U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Palana Reddy Memorial Charitable Trust, Hyderabad - 214/2015 - Income Tax

NOTIFICATION NO. 214/2015 New Delhi, the 20 th July, 2015 S.O. 2001(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 627(E) dated 12.03.2013 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 26, Enhancement of the activities of present old age home and upcoming 200 old aged SC/ST/OBC Below Poverty Line Persons by Palana Reddy Memorial Charitable Trust, Flat No. 803, I-Block, Jal Vayu Towers, Lower Tank Bund, Hyderabad 50048, Andhra Pradesh , as an eligible project or scheme, at the estimated cost of ₹ 446.83 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 Enhancement of the activities of present old age home and upcoming 200 old aged SC/ST/OBC Below Poverty Line Persons , which is being carried out by Palana Reddy Memorial Charitable Trust, Flat No. 803, I-Block, Jal Vayu Towers, Lower Tank Bund, Hyderabad 50048, Andhra Pradesh , without any change in the approved cost of ₹ 446.83 lakh, for a further period of three years commencing with 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)