Notification u/s 35AC - Notified at serial number 12 "Purchase of equipment, construction of building for school and centre for the care of ear" by "ENT Charitable Trust, 4, Filka, Daftary Road, Malad, (East) Mumbai -400 097" - 22/2013 - S.O. 3140(E) - Income Tax

NOTIFICATION NO. 22/2013 DATED 17-10-2013 S.O. 3140(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 832(E), dated 18th September, 1998 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 12 "Purchase of equipment, construction of building for school and centre for the care of ear" by "ENT Charitable Trust, 4, Filka, Daftary Road, Malad, (East) Mumbai -400 097", as an eligible project at the estimated cost of Rs. 3.75 crore for a period of three years ending with financial year 2000-01, which was further extended vide notification number S.O. 564(E), dated 20th June, 2001 for a period of three years ending with financial year 2003-04; which was further extended vide notification number S.O. 142(E), dated, 3rd February, 2006 for one year ending with the financial year 2004-05; which was further extended vide notification number S.O. 1153(E), dated 16th July, 2007 for a period of three year ending with financial year 2008-09; which was further extended vide notification number S.O. 2614(E), dated 14th October, 2009 for a period of three years ending with financial year 2011-12; which was further extended vide notification number S.O. 2413(E), dated 9th October, 2012 for a period of three years ending with 2014-15. 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 enhancement of the project cost; 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 amends the said notification number S.O.832 (E), dated 18th September, 1998 , to the following effect, namely :- In the said notification, in the Table against serial number 2 in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and words "Rs. 3.75 crore", the letters, figures and words "Rs. 8.75 crore", shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]