U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On - Shri Ramana Maharishi Academy of the Blind, J.P. Nagar, Bangalore

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..... e Ministry of Finance (Department of Revenue) number S.O.901(E) dated the 20th September, 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 notified at serial number 8, "Construction of dormitory-cum-library and running of rehabilitation/welfare programmes for disabled/blind persons at Ban .....

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..... 13 for a period of three year beginning with financial year 2015-16; And whereas the said project or scheme is likely to extend beyond fifteen 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 .....

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..... he approved cost of ₹ 197.00 lakh, as an eligible project or scheme for a further period of three years commencing with financial year 2016-17 i.e. 2016-17, 2017-18 and 2018-19. (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 Companies (CSR) Rules 2014. [ F.No.V. 27015/1/2016-SO (NAT.COM)] MAKKHAN LAL MEENA,Dy .....

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