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The Central Government notifies the continuation of the eligible project Maintenance of present activities by Khair-E-Ummat trust for a further period of three years. The extension covers the financial years 2014-15, 2015-16, and 2016-17 with the approved cost remaining at Rs. 2.64 crore. The authority issues no certificate under section 35AC of the Income-tax Act, 1961 for the financial year 2014-15 because that financial year has already lapsed.
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NOTIFICATION New Delhi, the 15th June, 2015 S.O.1585 (E).—Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1370(E) dated 14.6.2011 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 7, “Maintenance of present activities.” by “Khair – E-Ummat trust, B.I.T Chawl, Imamwada Compound, Mumbai 400 008.”, as an eligible project or scheme, at the estimated cost of Rs. 2.64 crore for a period of three years ending with financial year 2013-14; And whereas the said project or scheme is likely to extend beyond 3 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 specifying the said project or scheme for a further period of three years. 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 “Maintenance of present activities.”, which is being carried out by “Khair – E-Ummat trust, B.I.T Chawl, Imamwada Compound, Mumbai 400 008”, without any change in the approved cost Rs. 2.64 crore, for a further period of three years commencing with financial year 2014-15 ie. financial year 2014-15, 2015-16 and 2016-17. Since the financial year 2014-15 has already lapsed, no certificate under section 35AC of the IT Act, 1961 would be issued for the financial years 2014-15. [No. 156/2015 / F.No.V. 27015/1/2015-SO (NAT.COM)] MAKKHAN LAL MEENA, Dy. Secy. (National Committee)
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