NOTIFICATION
New Delhi, the 17th December, 2015
S.O. 3452(E).—Whereas by notification of the Government of India, in the Ministry of Finance
(Department of Revenue) number S.O. 2033(E) dated 6th August, 2009, 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 notified at serial number 9, “Sevalaya old age home project” by “Sevalaya, Sevalaya
Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024”, as an eligible project or scheme for a
period of three years beginning with financial year 2009-10 and which was extended further vide notification
number S.O. 2897(E) dated 27th December, 2011 for a period of three years ending with financial year 2014-
15 and which was extended further vide notification number S.O. 1981(E) dated 20th July 2015 for a period of
three years ending with financial year 2017-18;
And whereas the project cost is likely to enhance from Rs. 1.15 crore includes a corpus of Rs. 95 lakh
and Rs. 19.86 lakh running expenditure to Rs. 3.00 crore including a corpus of Rs. 95 lakh;
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 amending the project cost from Rs. 1.15 crore includes a
corpus of Rs. 95 lakh and Rs. 19.86 lakh running expenditure to Rs. 3.00 crore including a corpus of
Rs. 95 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 of 1961), hereby notifies
the scheme or project “Sevalaya old age home project” which is being carried out by “Sevalaya, Sevalaya
Campus, Kasuva Village, Pakkam Post, Near Thiruninravur-602024”, further amends the said notification
number S.O. 2033(E) dated 6th August, 2009, to the following effect, namely:-
In the said notification, in the Table against serial number 9, in column (4), relating to maximum
amount of cost to be allowed as deduction under Section of 35AC of Income Tax Act, 1961 for the letters,
figures and word “Rs. 1.15 crore includes a corpus of Rs. 95 lakh and Rs. 19.86 lakh running expenditure” the
letters, figures and word “Rs. 3.00 crore including a corpus of Rs. 95 lakh” shall be substituted.
[No. 278/2015 / F. No. V. 27015/4/2015-SO (NAT.COM)]
MAKKHAN LAL MEENA, Dy. Secy. (National Committee)
