Notification u/s 35AC : Notifies the scheme or project “Purchase of equipments for Manilal Rikhavchand Kothari Lions Orthopedic and General Hospital and running of said hospital at Navsari, Gujarat” - 130/2012 - Income Tax

Notification No. 130/2012 Dated : 12-03-2013 S.O. 659(E) : Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S. O. 698(E), dated 3rd October, 1997 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 12, Purchase of equipments for Manilal Rikhavchand Kothari Lions Orthopedic and General Hospital and running of said hospital at Navsari, Gujarat , by Navsari Lions Sarvajanik Charitable Trust, Ashapuri Road, Dudhia Talav, Navsari, Gujarat-396 445 as an eligible project or scheme for a period of three years beginning with the assessment year 1998-99 which was extended further vide notification number S. O. 304(E), dated 29th March, 2000 for a period of three years beginning with assessment year 2001-2002, which was extend further vide notification number S. O. 791(E), dated 5th July, 2004 for a period of three years beginning with the financial year 2003-04. which was extended further vide notification number S. O. 1155(E), dated 16th July, 2007 for a period of three years beginning with the financial year 2006-07 and which was extended further vide notification number S. O. 853(E), dated 25th March, 2009 for a period of three years beginning with the financial year 2009-10 ; And whereas by notification number S. O. 1155(E), dated 16th July, 2007 the estimated cost was enhanced from Rs. 156.80 lakh to Rs. 4.00 crore including a corpus fund of Rs. 2.00 crore ; And whereas the said project or scheme is likely to extend beyond fifteen 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 Purchase of equipments for Manilal Rikhavchand Kothari Lions Orthopedic and General Hospital and running of said hospital at Navsari, Gujarat , which is being carried out by Navsari Lions Sarvajanik Charitable Trust, Ashapuri Road, Dudhia Talav, Navsari, Gujarat-396 445 without any change in the approved cost of Rs. 4.00 crore including a corpus fund of Rs. 2.00 crore, as an eligible project or scheme for a period of three years beginning with the financial year 2012-13, i.e., 2012-13, 2013-14 and 2014-15. [F. No. V-27015/4/2012-SO (NAT.COM)]