Notification u/s 35AC - Notifies the scheme or project "Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project" which is being carried out by Guru Nanak Quin Centenary Memorial Hospital Trust, Plot No. - S-341, Gandhi Nagar, Bandra (East), Mumbai - 139/2012 - Income Tax

NOTIFICATION NO. 139/2012 DATED 12-3-2013 SO 668(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 523(E), dated the 9th May, 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 2, "Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project" by Guru Nanak Quin Centenary Memorial Hospital Trust, Plot No. - S-341, Gandhi Nagar, Bandra (East), Mumbai - 400 051, as an eligible project or scheme for a period of three year's beginning with assessment year 2004-2005, which was extended further vide notification number S.O.248(E), dated the 15th February, 2007 for a period of three years beginning with financial year 2006-2007 and which was extended further vide notification number S.O. 2038 (E), dated 6th August, 2009 for a period of three years beginning with financial year 2009-10; And whereas the said project or scheme is likely to extend beyond nine 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) , (a) hereby notifies the scheme or project "Construction of extension building, purchase of equipments, furniture, repairs/renovation of the buildings and running of the project" which is being carried out by Guru Nanak Quin Centenary Memorial Hospital Trust, Plot No. - S-341, Gandhi Nagar, Bandra (East), Mumbai - 400051, without any change in the approved cost of Rs. 547.92 lakh including a corpus fund of Rs. 418.00 lakh, as an eligible project or scheme for a further period of three years beginning with financial years 2012-13, i.e. 2012-13, 2013-14 2014-15. [F.NO. V- 27015/4/2012-SO(NAT.COM)]