U/s. 35AC, IT ACT, 1961 - Eligible Projects Or Schemes, Expenditure On –Lupin Human Welfare & Research Foundation, Mumbai

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....evenue) number S.O. 1462(E) dated 17th June, 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 1,"Integrated Rural Development Programme" by "Lupin Human Welfare & Research Foundation, 159, C.S.T. Road, Kalina, Santacruz (East), Mumbai 400 098", as an eligible project or scheme for a perio....

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....Welfare, being satisfied that the said project or scheme is being executed properly, made a farther recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for enhancing the project cost from Rs. 34.09 crore to Rs. 125 crore. 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 ....