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U/s. 35AC, IT ACT, 1961 - Eligible Projects or Schemes, Expenditure on Akshayapatra Foundation, Bangalore

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.... 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 notified at serial number 3, "Mid Day Meal Program run by the Akshayapatra Foundation, Hare Krishna Hills, West of Chort Road, Rajajinagar, Bangalore - 560010", as an eligible project or scheme for a period of three years ending with assessme....

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....ed from ₹ 200 crore from to ₹ 400 crore vide S.O. no. 481(E) dated 16.3.2012. And whereas the said project or scheme is likely to extend beyond twelve years; And whereas the project cost is likely to enhance from ₹ 400 crore to ₹ 900.00 crore; And, whereas, the National Committee for the Promotion of Social and Economic Welfare, being satisfied that the said project or s....