U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Gandhigram Trust, Tamilnadu - 78/2015 - Income Tax

NOTIFICATION NO. 78/2015 New Delhi, the 11 th February, 2015 S.O. 448(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1295(E) dated 4th June, 2008 , 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 3, Sustainability and building corpus fund for children s home/hospital/educational Institutions of Gandhigram Trust by Gandhigram Trust, Gandhigram 624302, Dindigul District, Tamilnadu , as an eligible project or scheme for a period of three years beginning with financial year 2008- 09 and which was extended further vide notification number S.O. 1389(E) dated 14.6.2011 for a period of three years commencing with financial year 2011-12; And whereas by notification number S.O. 1389(E) dated 14.6.2011 the estimated cost was enhanced from Rs.50.00 lakh to Rs. 100 lakh including corpus fund of Rs. 50 lakh; 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), (a) hereby notifies the scheme or project Sustainability and building corpus fund for children s home/ hospital/educational Institutions of Gandhigram Trust , which is being carried out by Gandhigram Trust, Gandhigram 624302, Dindigul District, Tamilnadu , without any change in the approved cost of Rs. 100 lakh including corpus fund of 50 lakh, for a further period of three years commencing with financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17. [F. No. V. 27015/4/2014-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)