U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Bhansali Trust, Mumbai

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..... 3 , 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 6, Integrated Rural Development Project by Bhansali Trust, 640-646, Panchratna Mama Parmanand Marg, Mumbai-400004 , as an eligible project or scheme, at the estimated cost of ₹ 12.75 crore, for a period of three years beginning w .....

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..... whereas the said project or scheme is likely to extend beyond eleven years; And whereas the project cost is likely to enhance from ₹ 32.14 crore to ₹ 45.24 crore; 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 .....

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..... to the following effect, namely:- In the said notification, in the Table against serial number 6, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC of Income Tax Act, 1961 , for the letters, figures and word Rs. 32.14 crore the letters, figures and word Rs. 45.24 crore shall be substituted. [F.NO.V.27015/3/2014-SO(NAT.COM)] - Notifi .....

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