Explanation to section 35AC of the Income-tax Act, 1961, the Central Government had specified for Running of Founding-cum-adoption centre for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Teynampet, Chennai, by Karna Prayag Trust

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tax Act, 1961, the Central Government had specified for Running of Founding-cum-adoption centre for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road , Teynampet, Chennai, by Karna Prayag Trust Notification No. 316 of 2002 Dated 24th Oct., 2002 Whereas by notification of the Government of India in the Ministry of Finance number S.O. 832(E) dated the 18th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... onal Committee, 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 and amending the project cost from Rs. 40.00 lakhs plus a corpus fund of Rs. 20.00 lakhs to Rs. 20.00 lakhs plus a corpus fund of Rs. 40.0 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... fication, in the Table against serial number 7, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC, for "rupees forty lakhs plus a corpus fund of rupees twenty lakhs only", substitute "rupees twenty lakhs plus a corpus fund of rupees forty lakhs without any change in the total cost of the project. F. No. NC-90/2002] - Notification Tax Mana .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X