Notification u/s 35AC- Notifies the scheme or project for Running of Founding-cum-adoption center for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, Teynampet, Chennai

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....ry of Finance (Department of Revenue) number S.O. 832(E) dated the 18th September, 1998, 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 specified at serial number 7, for Running of Founding-cum-adoption center for orphaned and destitute children and abandoned babies at Raja Krishna Rao Road, ....

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....s beginning with financial year 2010-11; 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 1[₹ 20.00 lakhs plus a corpus fund of ₹ 40.00 lakhs] and vide notification number S O. 1118(E) dated the 24th October, 2002 the estimated cost was amended from ₹ 40.00 lakhs plus, a corpus f....

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....he Income-tax Rules, 1962 for extending the said project or scheme for a further period of three years and amending the project cost of ₹ 120 lakh including a corpus fund of ₹ 40 lakh to ₹ 150 lakh; 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....