U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Aravali Vikas Mandal, Parel, Mumbai

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..... Ministry of Finance (Department of Revenue), number S.O.1045(E) dated the 18th October, 2001 , 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 specified at serial number 1, for Construction of building, residential quarters for staff, purchase of equipments/machines, furnishing of Araval .....

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..... . 1069(E) dated 14.05.2012 for a period of three years ending with financial year 2014-15; And whereas the said project or scheme is likely to extend beyond thirteen 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 .....

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..... ty, Golangi Mill Road, Parel, Mumbai-400012, without any change in the approved cost of ₹ 548.90 lakh, as an eligible project or scheme for a further period of three years commencing with the financial years 2015-16 i.e. 2015-16, 2016-17 2017-18. (b). The exemption u/s 35AC will not apply to the funds received under Schedule VII of the Section 135 of the Companies Act and Compa .....

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