SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 – ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON – NOTIFIED ELIGIBLE PROJECTS OR SCHEMES – SHANTILAL SHANGHVI FOUNDATION, MUMBAI
NOTIFICATION NO.102/2011[F.NO.V-27015/3/2011-SO(NAT.COM]/S.O.1881(E), DATED 11-8-2011
Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 121(E), dated 12th January, 2009, 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 15, “Aadivasi Anna Arogya Shikshan Yojana (providing education, health & food for tribal & rural childrens)” by Shantilal Shanghvi Foundation, F.P. 145, Ram Mandir Road, Vile Parle (East), Mumbai -400057, Maharashtra, as an eligible project or scheme for a period of three years beginning with financial year 2008-09;
And whereas the said project or scheme is likely to extend beyond three 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 extending the said project or scheme for a further period of three year;
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 “Aadivasi Anna Arogya Shikshan Yojana (providing education, health & food for tribal & rural childrens)”, which is being carried out by Shantilal Shanghvi Foundation, F.P. 145, Ram Mandir Road, Vile Parle (East). Mumbai – 400057, Maharashtra, without any change in the approved cost of Rs. 10.70 crore including a corpus fund of Rs. 1.95 crore, as an eligible project or scheme for a further period of three financial years commencing with the financial year 2011-12 i.e., 2011-12, 2012-13 & 2013-14.
