Notification u/s 35AC-Notifies the scheme or project for Detection, treatment and cure of various diseases. - 116/2012 - Income Tax

NOTIFICATION NO. 116/2012 DATED 12-3-2013 S.O. 645(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S.O.267(E) dated the 29th March, 1994 , 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 specified at serial number 17, for Detection, treatment and cure of- (a) leprosy patients under urban Leprosy Control Projects at Greater Bombay and New Bombay; (b) T.B. patients under T.B. Control Project at New Bombay; and (c) Running of Integrated health care project at Airoli, Bombay, by ALERT-INDIA (Association for Leprosy Education, Rehabilitation and Treatment-India), 6B, Mukhyadhyapak Bhavan, 3rd Floor, Road No. 24, Sion (W), Bombay-400022, as an eligible project or scheme for a period of three years beginning with assessment year 1995-1996 which was extended further vide notification number S.O. 217(E) dated the 17th March, 1997 for a period of three years beginning with assessment year 1998-1999 which was extended further vide notification number S.O. 305(E) dated the 29th March, 2000 for a period of three years beginning with assessment year 2001-2002 and which was extended further vide notification number S.O. 683(E) dated the 13th June, 2003 for a period of three years beginning with assessment year 2004-2005, which was further extended vide notification number S.O. 1829(E) dated 26.10.2006 for a period of three years beginning with financial year 2006-07 and which was extended further vide notification number S.O. 636(E) dated 22nd March, 2010 for a period of three years beginning with financial year 2009-10; And whereas by notification number S.O. 21(E) dated the 6th January, 1995 the estimated cost was enhanced from Rs. 190.32 lakh to Rs.270.02 lakh including a corpus funds of Rs. 12.52 lakh; And whereas the said project or scheme is likely to extend beyond eighteen 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 and enhancing the project cost from Rs. 2.70 crore including a corpus funds of Rs. 12.52 lakh to Rs. 17.34 crore including a corpus fund of Rs. 65 lakh i.e. an additional amount of Rs. 14.64 crore; 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 for Detection, treatment and cure of- (a) leprosy patients under urban Leprosy Control Projects at Greater Bombay and New Bombay; (b) T.B. patients under T.B. Control Project at New Bombay; and (c) Running of Integrated health care project at Airoli, Bombay, which is being carried out by ALERT-INDIA (Association for Leprosy Education, Rehabilitation and Treatment-India), 6B, Mukhyadhyapak Bhavan, 3rd Floor, Road No.24, Sion (W), Bombay-400022, as an eligible project or scheme for a further period of three years commencing from the financial year 2012-13 i.e. 2012-13, 2013-14 2014-15. (b) further amends the said notification number S.O. 267(E) dated the 29th March, 1994 , to the following effect, namely :- "In the said notification, in the Table against serial number 17, in column (4) relating to maximum amount of cost to be allowed as deduction under section 35AC of the Income-tax Act, 1961 , for the letters, figures and words 'Rs. 2.70 crore including a corpus fund of Rs. 12.52 lakh', the letters, figures and words 'Rs. 17.34 crore including a corpus fund of Rs. 65 lakh' shall be substituted". [F.NO. V- 27015/4/2012-SO(NAT.COM)]