Central Government had notified Enhancement of present Ashram School Activities - 157/2015- S.O. 1586 (E) - Income Tax

NOTIFICATION New Delhi, the 15th June, 2015 S.O. 1586 (E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1030(E) dated 7.5.2012 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 4, Enhancement of present Ashram School Activities by St. Gonsalo Garcia Ashram School Bassein Fort, P.O.Vasai, Vasai Road (West) Dist. Thane Maharashtra 401201 , as an eligible project or scheme, at the estimated cost of ₹ 1.97 crore including a corpus fund of ₹ 50 lakh for a period of three years ending with financial year 2014-15; And whereas the said project or scheme is likely to extend beyond 3 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 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 notifies the scheme or project Enhancement of present Ashram School Activities , which is being carried out by St. Gonsalo Garcia Ashram School Bassein Fort, P.O. Vasai, Vasai Road (West) Dist. Thane, Maharashtra 401201 , without any change in the approved cost ₹ 1.97 crore including a corpus fund of ₹ 50 lakh, for a further period of three years commencing with financial year 2015-16 i.e 2015-16, 2016-17 2017-18. [No. 157/2015 / F. No.V. 27015/1/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)