Section 35ac, Read With Explanation (B) Thereto, Of The Income-Tax Act, 1961 – Eligible Projects Or Schemes, Expenditure On – Notified Eligible Projects Or Schemes – Vidyarambam Trust, Chennai
Notification No.83/2011[F.No.V-27015/3/2011-So(Nat.Com]/S.O.1862(E), Dated 11-8-2011
Whereas by Notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 737(E), dated 13th March, 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 22, “comprehensive and supportive free education for rural children of 3 to 12 years age group” by Vidyarambam Trust, New No.27, Fifth Street, Padmanabha Nagar, Adyar, Chennai – 600 020, Tamilnadu, 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 T he 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 “comprehensive and supportive free education for rural children of 3 to 12 years age group”, which is being carried out by Vidyarambam Trust, New No. 27, Fifth Street, Padmanabha Nagar, Adyar, Chennai – 600 020 Tamilnadu, without any change in the approved cost of Rs. 4.8 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.