U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Maria Seva Sangha, Bangalore - S.O. 3045(E) - Income Tax

MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION No. 235/2015 New Delhi, the 10 th November, 2015 S.O. 3045(E).- Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.469(E) dated the 2nd July, 1996 , 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 4, Mid-day Meal Scheme in eighteen schools of Bangalore by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore 560001 , as an eligible project or scheme for a period of three years beginning with assessment year 1997-1998, which was extended further vide notification number S.O.317(E) dated the 11th May, 1999 for a period of two years beginning with assessment year 2000-2001, which was extended further vide notification number S.O.552(E) dated the 20th June, 2001 for a period of two years beginning with assessment year 2002-2003, which was extended further vide notification number S.O.688(E) dated the 13th June, 2003 for a period of one years beginning with assessment year 2004-2005, which was extended further vide notification number S.O.398(E) dated the 23rd March, 2005 for a period of two years beginning with financial year 2004-2005, which was extended further vide notification number S.O.1407(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.836(E) dated the 25th March, 2009 for a period of three years beginning with financial year 2009-10 and which was extended further vide notification number S.O.639(E) dated the 12th March, 2013 for a period of three years ending with financial year 2014-15; And whereas by notification number S.O.260(E) dated the 27th March, 1997 the estimated cost was enhanced from ₹ 2.30 lakh to ₹ 15.00 lakh, vide notification number S.O.1371(E) dated the 27th November, 2003, the estimated cost was further enhanced from ₹ 15.00 lakh to ₹ 30.00 lakh, vide notification number S.O.1407(E) dated the 4th September, 2006 the estimated cost was further enhanced from ₹ 30.00 lakh to ₹ 50.00 lakh, vide notification number S.O.1869(E) dated 11th August, 2011 the estimated cost was further enhanced from ₹ 50 lakh to ₹ 75 lakh and the estimated cost was further enhanced from ₹ 75.00 lakh to ₹ 90.00 lakh vide notification number S.O.639(E) dated the 12th March, 2013 ; And whereas the said project or scheme is likely to extend beyond nineteen years; And whereas the project cost is likely to enhance from ₹ 90.0 lakh to ₹ 1.00 core; 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 extending the said project or scheme for a further period of three years and enhancing the project cost from ₹ 90.00 lakh to ₹ 1.00 crore. 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), (a) hereby notifies the scheme or project Mid-day Meal Scheme in three schools of Bangalore which is being carried out by Maria Seva Sangha, Villa Maria, No.12, Rest House Road, Bangalore 560001 , as an eligible project or scheme for a further period of three years commencing with financial year 2015-16 i.e 2015-16, 2016-17 2017-18 and; (b) further amends the said notification number S.O. 469(E) dated the 2nd July, 1996 , to the following effect, namely :- In the said notification, in the Table against serial number 4, in column (4), relating to maximum amount of cost to be allowed as deduction under section 35 AC , for the letters, figures and word Rs. 90.00 lakh , the letters, figures and word Rs. 1.00 crore shall be substituted. [F. No.V. 27015/3/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)