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U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – CRY, New Delhi - 130/2015 - Income TaxExtract NOTIFICATION NO.130/2015 DATED 4-6-2015 SO 1476(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.521(E), dated the 14th July, 1994, 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 24, CRY Supported Development project all over India , by CRY (Child Relief and you), DDA Slum Wing Barat Ghar, Bapu Park, Kotla Mubarakpur, New Delhi , as an eligible project or scheme for a period of three years ending with assessment year 1997, which was extended further vide notification number S.O.388(E), dated the 19th May, 1997 for a period of three years ending with assessment year 2000-01, which was extended further vide notification number S.O.634(E), dated the 5th July, 2000 for a period of three years beginning with assessment year 2001-2002, which was extended further vide notification number S.O.692(E), dated the 13th June, 2003 for a period of three years beginning with assessment year 2004-2005, which was extended further vide notification number S.O. 1415(E), dated the 4th September, 2006 for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 2049 (E), dated 6th August, 2009 for a period of three years beginning with the financial year 2009-10 and which was extended further vide notification number S.O. 1075 (E), dated 14th May, 2012 for a period of three years beginning with the financial year 2012-13; And whereas by notification number S.O.634(E), dated the 5th July, 2000 the estimated cost was enhanced from ₹ 1650.00 lakh to ₹ 2773.00 lakh, which was further enhanced vide notification number S.O. 692(E), dated the 13th June, 2003 from ₹ 2773.00 lakh to ₹ 5373.00 lakh, which was further enhanced vide notification number S.O.146(E), 3rd February, 2006 from ₹ 5373.00 lakh to ₹ 5873.00 lakh and which was further enhanced vide notification number S.O.1415(E), dated the 4th September, 2006 from ₹ 5873.00 lakh to ₹ 120.85 crore, vide notification number S.O. 2049 (E), dated 6th August, 2009, the estimated cost was further enhanced from ₹ 120.85 crore to ₹ 188.39 crore and the estimated cost was further enhance from ₹ 188.39 crore to ₹ 255.14 crore vide S.O. No. 662(E), 12.3.2013. And whereas the said project or scheme is likely to extend beyond twenty one 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 the said project or scheme for a further period of three years. Now, therefore, the Central Government, in exercise of the powers conferred by sub- section (1) read with clause (b) of the Explanation to Section 35AC of the Income-tax Act, 1961 (43 of 1961), hereby notifies the scheme or project CRY Supported Development project all over India , which is being carried out by CRY (Child Relief and you), DDA Slum Wing Barat Ghar, Bapu Park, Kotla Mubarakpur, New Delhi , without any change in the approved cost of ₹ 255.14 crore for a further period of three years commencing with the financial year 2015-16, i.e, financial years 2015-16, 2016-17 2017-18. [F.NO.V.27015/1/2015-SO(NAT.COM)]
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