U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On – Indian Centre for Plastics in the Environment, Mumbai - 205/2015 - Income Tax

NOTIFICATION NO. 205/2015 New Delhi, the 20th July, 2015 S.O. 1992(E).- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.1124(E) dated the 29th October, 2003 , 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 10, Recycle Recover Reuse of plastic waste in an eco-friendly manner by 1 [Olympus House, 2nd floor, Near Fort House, 25 Raghnunath Dadaji Street, Fort, Mumbai 400 001], as an eligible project or scheme for a period of three years beginning with assessment year 2004-2005, which was extended further vide notification number S.O.1424(E) dated the 4th October, 2006 for a period of three years beginning with financial year 2006-2007, which was extended further vide notification number S.O.1262(E) dated the 18th May, 2009 for a period of three years beginning with financial year 2009-2010 and which was extended further vide notification number S.O.663(E) dated the 12th March, 2013 for a period of three years beginning with financial year 2012-2013; And whereas by notification number S.O. 1424(E) dated 4th October, 2006 the address of the institution was changed; And whereas by notification number S.O. 2605 (E) dated 14th October, 2009 , the cost was enhanced from ₹ 10.00 crore to ₹ 20.00 crore; And whereas the said project or scheme is likely to extend beyond twelve 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 specifies the scheme or project Recycle Recover Reuse of plastic waste in an eco-friendly manner , which is being carried out by 1 [Olympus House, 2nd floor, Near Fort House, 25 Raghnunath Dadaji Street, Fort, Mumbai 400 001] , without any change in the approved cost of ₹ 20.00 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2015-16 i.e 2015-16, 2016-17 2017-18. [F. No. V.27015/2/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee) ------------------------------- Notes:- 1. Corrected vide Not. 216/2015 - Dated 16-10-2015 , before it was read as, Indian Centre for Plastics in the Environment, 2 nd Floor, Kushesh Mansion, 22, Cawasji Patel Street and 48/54, Janmabhoomi Marg, Fort Mumbai 400001 ,