U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Vatsalya Trust, Mumbai - 105/2011 - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION NO. 105/2011 New Delhi, the 18 th October, 2011 S. O. 2399(E) .- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.1586(E) dated the 11 th November, 2005 , issued under sub-section (I) 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 9, (i) Orphanage (ii) Balika Ashrama (iii) old age home (iv) child-parents guidance centres by Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai -400042, as an eligible project or scheme for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S.O.2391(E) dated 3rd October, 2008 for a further period of three years beginning with the financial year 2008-09; 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 (i) Orphanage (ii) Balika Ashrama (iii) old age home (iv) child-parents guidance centres being carried out by Vatsalya Trust, C-2/32, Shree Vijay Kunj Society, Kanjur Marg (East), Mumbai - 400042, without any change in the approved cost of ₹ 1.92 crore, as an eligible project or scheme for a further period of three years commencing with financial year 2011-12, i.e. 2011-12, 2012-13 2013-14, [F. No. V-27015/4/2011- SO (NAT.COM)] NAVEEN CHANDRA, Director (National Committee)