Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Construction of a school building and running of SOS Children's Village at Tamvaram East, Chennai, Tamil Nadu by SOS Children's Villages of India-Chatnath Homes

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..... t, 1961, the Central Government had specified for Construction of a school building and running of SOS Children's Village at Tamvaram East, Chennai, Tamil Nadu by SOS Children's Villages of India-Chatnath Homes NOTIFICATION NO. 45/2007 DATED 15-2-2007 S.O.246(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), Number S.O.676(E), da .....

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..... d of three years beginning with financial year 2004-05; 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 specifying .....

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..... n Number SO. 676(E), dated the 10th August, 1998, to the following effect, namely :- In the said notification, in the Table against serial Number 8, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC, for the letters, figures and word, "₹ 60.00 lakhs", the letters, figures and word "₹ 105.00 lakhs" shall be substituted .....

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