Case law › Notifications › 2015 › Notification No.98/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 468(E)

Notification 11 February 2015

Notification No.98/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 468(E)

Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Siva Sakhti Sathya SIA Charitable Trust, Chennai

What this is

Notification No.98/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 468(E) was published on 11 February 2015. Its subject is Section 35AC, read with Explanation (b) thereto, of the Income-tax Act, 1961 - Eligible Projects or Schemes, Expenditure on - Notified Eligible Projects or Schemes - Siva Sakhti Sathya SIA Charitable Trust, Chennai.

What it does

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, notifies the project "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust", carried out by Siva Sakhti Sathya Sai Charitable Trust, No. 3, Ponniyamman Koil Street, Alapakkam, Chennai-600116, as an eligible project or scheme for a further period of three years commencing with financial year 2014-15, that is 2014-15, 2015-16 and 2016-17. The approved cost is left unchanged at Rs. 800.00 lakh as corpus fund. The project was first notified at serial number 1 of S.O. 60(E) dated 22nd January, 2003 for three years beginning with assessment year 2003-2004 and extended by S.O. 1005(E) dated 5th July, 2006 for two years beginning with financial year 2006-2007, by S.O. 1464(E) dated 17th June, 2008 for three years beginning with financial year 2008-09 and by notification 1874(E) dated 11.8.2011 for three years ending with financial year 2013-14.

Why it was issued

The project or scheme is likely to extend beyond eleven years, and the National Committee for the Promotion of Social and Economic Welfare, being satisfied that it is being executed properly, made a further recommendation under sub-rule (5) of rule 11M of the Income-tax Rules, 1962 for extending it by three years.

Who it reaches

Siva Sakhti Sathya Sai Charitable Trust, Alapakkam, Chennai
donors contributing to the Trust's corpus fund
the National Committee for the Promotion of Social and Economic Welfare
assessing officers examining deduction claimed under section 35AC

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.35AC	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

SECTION 35AC, READ WITH EXPLANATION (b) THERETO, OF THE INCOME-TAX ACT, 1961 - ELIGIBLE PROJECTS OR SCHEMES, EXPENDITURE ON - NOTIFIED ELIGIBLE PROJECTS OR SCHEMES - SIVA SAKHTI SATHYA SIA CHARITABLE TRUST, CHENNAI
NOTIFICATION NO.98/2015 [F.NO.V.27015/4/2014-SO(NAT.COM)]/SO 468(E), DATED 11-2-2015
Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.60(E) dated the 22nd January, 2003, 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, "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" by "Siva Sakhti Sathya Sia Charitable Trust, No.3, Ponniyamman Koil Stree, Alapakkam, Chennai-600116", as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004; which was extended further vide notification number S.O.1005(E) dated the 5th July, 2006 for a period of two years beginning with financial year 2006-2007; which was extended further vide notification number S.O. 1464(E) dated the 17th June, 2008 for a period of three years beginning with financial year 2008-09 and which was further extended vide notification number 1874(E) dated 11.8.2011 for a period of three years ending with financial year 2013-14;
And whereas the said project or scheme is likely to extend beyond eleven years;
And, whereas, the National Committee for the Promotion of Social and Economic 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 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, 196) (43 of 1961), hereby notifies the scheme or project "Corpus fund for Siva Sakhti Sathya Sai Charitable Trust" being carried out by "Siva Sakhti Sathya Sai Charitable Trust, No.3, Ponniyamman Koil Stree, Alapakkam, Chennai-600116", without any change in the approved cost of Rs.800.00 lakh (corpus find), as an eligible project or scheme for a further period of three years Commencing with the financial year 2014-15, i.e., 2014-15, 2015-16 and 2016-17.
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What it changes

The rule numbers are the 1962 Rules’ own, as the notification names them. The right-hand column is the department’s own mapping into the Income-tax Rules, 2026, which renumbered nearly everything.

Rule of the 1962 Rules	Now, in the 2026 Rules
Rule 11M	no counterpart recorded

From when

financial year 2014-15.

What to watch

The further period begins with financial year 2014-15 and runs through 2016-17, so the first of the three years had already begun when the notification issued on 11 February 2015.
The approved cost is unchanged at Rs. 800.00 lakh, the whole of it as corpus fund.
The project as notified is the creation of a corpus fund, so a payment is eligible only as a contribution to that corpus.
Payments in excess of the approved cost are outside what this notification covers.

Where you meet it

In a donor's return claiming deduction under section 35AC for a payment to the Trust, and in the certificate the Trust issues for the year of payment.

What it names

Rules it names. Rule 11M of the Income-tax Rules, 1962. The 1962 Rules were replaced by the Income-tax Rules, 2026, which renumbered nearly everything: a rule number quoted here almost never means the same rule today.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 3/2022 — Specifying forms returns statements reports orders by whatever name called prescribed in appendix ii to be furnished ele 16 July 2022
Notification No. 2/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)]/SO 3122(E) — Ministry of Finance 28 August 2019
Notification No. 1/2019 [F. No. V. 27013/3/2018-SO(NAT.COM)] / SO 1706(E) — Ministry of Finance 8 May 2019
Notification No. S.O. 1706 [No. 1/2019 (F.No.V.27013/3/2018-SO(nat.com)] — Section 35AC of the Income-tax Act, 1961, read with rule 11G of the Income-tax Rules, 1962 - Eligible Projects or Scheme 8 May 2019
Notification No. 2/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] SO 5160(E) — Ministry of Finance 5 October 2018
Notification No. 1/2018 [F.No.V.27013/3/2018-SO(NAT.COM)] / SO 1658(E) — MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 17th April, 2018 S.O 17 April 2018

← Notification No.97/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 467(E) · Notification No.99/2015 [F.No.V.27015/4/2014-SO(NAT.COM)] / SO 469(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.