U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – SOS Children's Villages of India, Chennai - S.O.568(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No 182/2001 New Delhi, the 20 th June, 2001 S.O. 568(E).- Whereas by notification of the Government of India in the Ministry of Finance number S.O. 676(E) dated the 11 th August, 1998, issued under clause (b) of the Explanation to section 35AC of the Income-tax Act, 1961 (43 of 1961) , the Central Government had specified at serial number 8, for Construction of a school building, and running of SOS Children s Villages at Tambaram East, Chennai, Tamil Nadu, by SOS Children s Villages of India - Chatnath Homes, 7, Raja Krishna Rao Road, Teynampet, Chennai - 600018. as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000; And whereas the said project or scheme is likely to extend beyond three years; And whereas the National Committee has, 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 specifies the scheme or project of Construction of a school building, and running of SOS Children s Villages at Tambaram East, Chennai, Tamil Nadu, which is being carried out by SOS Children s Villages of India Chatnath Homes, 7, Raja Krishna Rao Road, Teynampet, Chennai - 600018, at the estimated cost of rupees sixty lakhs only, as an eligible project or scheme for a further period of three years beginning with assessment year 2002-2003. [F No NC-61/2001] POMELA B. PRASAD, Director (N. C )