Notified the scheme or project “UTKARSH (Hostel accommodation for the students - 148/2015- S.O. 1577 (E) - Income Tax

NOTIFICATION New Delhi, the 15th June, 2015 S.O. 1577 (E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.234(E) dated the 15th February, 2007, issued under sub-section (1) 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 1, UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years) by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi 110002 , as an eligible project or scheme for a period of three years beginning with financial year 2006-2007 and which extended further vide notification number S.O. 855(E) dated 25th March, 2009 for a period of three years beginning with the financial year 2009-10 and which extended further vide notification number S.O. 469(E) dated 16th March, 2012 for a period of three years beginning with the financial year 2012-13; And whereas the said project or scheme is likely to extend beyond nine 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 UTKARSH (Hostel accommodation for the students between age group of 5 to 13 years) which is being carried out by Arya Anathalaya, 1488, Pataudi House, Darya Ganj, New Delhi 110002 , without any change in the approved cost of ₹ 22.86 crore, for a further period of three years commencing with financial year 2015-16 i.e 2015- 16, 2016-17 2017-18. [No. 148/2015 / F.No.V. 27015/1/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)