SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – ADHIPARASAKTHI CHARITABLE, MEDICAL, EDUCATIONAL AND CULTURAL TRUST, TAMIL NADU
NOTIFICATION NO. 13/2014 [F.NO.V.27015/1/2014-SO(NAT.COM)]/SO 1936(E), DATED 31-7-2014
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 2370(E) dated 3.10.2008 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 31, “Adhiparasakthi Health and Social Upgradation Programme” by “Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur, District Kancheepuram – 603 319, Tamil Nadu”, as an eligible project or scheme, at the estimated cost of Rs. 67.30 crore, for a period of three years ending with financial year 2010-11, and which was extended further for a period of three years vide Notification number S.O.1396(E) dated 14.06.2011 ending with financial year 2013-14;
And whereas the said project or scheme is likely to extend beyond 6 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 “Adhiparasakthi Health and Social Upgradation Programme”, which is being carried out by “Adhiparasakthi Charitable, Medical, Educational and Cultural Trust, Melmaruvathur, District Kancheepuram – 603319, Tamil Nadu”, without any change in the approved cost of Rs.67.30 crore, for a further period of one year, i.e., for financial year 2014-15.
