NOTIFICATION
New Delhi, the 17th December, 2015
S.O. 3453(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 6, “Corpus and recurring fund for Banyan” by “The Banyan,
6th Main Road, Mogapair Eri Scheme, Mogapair West, Chennai - 600 037”, 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. No. 630(E) dated 12.3.2013 for a period of three years ending with financial year
2014-15;
And whereas the said project or scheme is likely to extend beyond six 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 extending 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 “Corpus and recurring fund for Banyan” which is being carried out by “The Banyan,
6th Main Road, Mogapair Eri Scheme, Mogapair West, Chennai - 600 037”, without any change in the
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approved cost of Rs. 9.5 crore for corpus & Rs.6.00 crore for recurring, as an eligible project or scheme for a
further period of three years commencing with the financial year 2015-16 i.e. 2015-16, 2016-17 & 2017-18.
[No. 279/2015 / F. No. V. 27015/4/2015-SO (NAT.COM)]
MAKKHAN LAL MEENA, Dy. Secy. (National Committee)
