Exemption u/s 35AC - of the Income-tax Act, 1961, the Central Government had specified for Running of Foundling-cum-adoption centre for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Teynampet, Chennai by Karna Prayag Trust

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..... t, 1961, the Central Government had specified for Running of Foundling-cum-adoption centre for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Teynampet, Chennai by Karna Prayag Trust Notification No. 5/2007 [F.No. NC-274/3/2007], Dated 16-7-2007 S.O. 1149(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) num .....

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..... 25th May, 2005 for a period of three years beginning with financial year 2004-05; And whereas vide notification number S.O. 287(E) dated the 28th March, 2001, the estimated cost was amended from ₹ 60.00 lakhs as corpus fund to ₹ 40.00 lakhs plus a corpus fund of ₹ 20.00 lakhs and vide notification number S.O.1118(E) dated the 24th October, 2002 the estimated cost was amended fro .....

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..... 40.00 lakhs plus a corpus fund of ₹ 20.00 lakhs to ₹ 120.00 lakhs including a corpus fund of ₹ 40.00 lakhs; 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 specifies the scheme or project for Running of Foundling-cum-ado .....

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