U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Udayan Care, New Delhi - S.O. 3067(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 257/2015 New Delhi, the 10 th November, 2015 S.O. 3067(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.839(E) dated the 24th July, 2003 , 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 1, Jagshanti Udayan Care Hostel for Women by Udayan Care, 412, Sant Nagar, East of Kailash, New Delhi 110065 , as an eligible project or scheme for a period of three years beginning with assessment 2004-2005, which was extended further vide notification number S.O.475(E) dated the 29th March, 2007 for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 2050 (E) dated 6th August, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O. 1086(E) dated the 14.5.2012 for a period of three years ending with financial year 2014-15; And whereas by notification number S.O.475(E) dated the 29th March, 2007 the estimated cost was enhanced from Rs. 210.00 lakh (corpus fund) to Rs. 310.00 lakh including a corpus fund of Rs. 210.00 lakh; And whereas the said project or scheme is likely to extend beyond twelve 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 Jagshanti Udayan Care Hostel for Women being carried out by Udayan Care, 412, Sant Nagar, East of Kailash, New Delhi 110065 , without any change in the approved cost of Rs. 310.00 lakh including a corpus fund of Rs. 210.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial year 2015-16 i.e 2015-16, 2016-17 2017-18. [ F.No.V. 27015/3/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)