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U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure On – Maria Seva Sangha, Bangalore

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..... 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, Banga .....

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..... er 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 end .....

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..... 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 11 .....

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..... 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)] MAK .....

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