Notification u/s 35AC - Notifies the scheme or project "Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana" being carried out by Maharaja Agrasen Medical Education & Scientific Research Society, Dayanand Bhawan, 3/5, Asaf Ali road, Darya Ganj, New Delhi - 48/2013 - S.O. 3166(E) - Income Tax

NOTIFICATION NO. 48/2013 DATED 17-10-2013 S.O. 3166(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O.602(E) dated the 12th August, 1993 , 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 notified at serial number 3, "Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana" by Maharaja Agrasen Medical Education Scientific Research Society, Dayanand Bhawan, 3/5, Asaf Ah road, Darya Ganj, New Delhi, as an eligible project or scheme for a period of three years with Assessment year 1994-1995, which was extended further vide notification number S.O. 94(E) dated the 28th February, 1996 for a period of two years beginning with assessment year 1997-1998, which was extended further vide notification number S.O. 200(E) dated the 12th March, 1998 for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O. 1269(E) dated the 28th December, 2001 for a period of three years beginning with assessment year 2002-2003, which was extended further vide notification number S.O. 129(E) dated the 2nd February, 2005 for a period of three years beginning with financial year 2004-2005; which was extended further vide notification number S.O. No. 1299(E) dated the 4th June, 2008 for a period of three years beginning with the Financial Year 2007-08; and which was extended further vide notification number S.O. 651(E) dated 25th March, 2010 for a period of three years ending with financial year 2012-13. And whereas by notification number S.O. 200(E) dated the 12th March, 1998 the estimated cost was enhanced from Rs.17.57 crore to Rs.40.00 crore; And whereas the said project or scheme is likely to extend beyond twenty 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 "Construction of Maharaja Agrasen Hospital at Agroha, District Hisar, Haryana" being carried out by Maharaja Agrasen Medical Education Scientific Research Society, Dayanand Bhawan, 3/5, Asaf Ali road, Darya Ganj, New Delhi, without any change in the approved cost of Rs.40.00 crore, as an eligible project or scheme for a further period of three years beginning with the financial year 2013-14, i.e. 2013-14, 2014-15 2015-16. [F.NO.V-27015/2/2013-SO (NAT.COM)]