Notification u/s 35AC - Notifies the scheme or project "Purchase of Ambulance, instruments and running of welfare activities (medical aid/camps, distribution of foodgrain and clothes)",which is being carried out by "Shree Baldevdas Charitable Trust, 18, Ravpura Society, B/h. Memnagar Fire Station, Navragpura, Ahmedabad -380009" - 60/2013 - S.O. 3178(E) - Income Tax

NOTIFICATION NO. 60/2013 DATED 17-10-2013 S.O. 3178(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O.422(E), dated the 19th May, 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 5, "Purchase of Ambulance, instruments and running of welfare activities (medical aid/camps, distribution of foodgrain and clothes)" by "Shree Baldevdas Charitable Trust, 18, Ravpura Society, B/h. Memnagar Fire Station, Navragpura, Ahmedabad - 380 009", as an eligible project or scheme for a period of three years beginning with assessment year 1999-2000, which was extended further vide notification number S.O. 558(E), dated the 20th June, 2001 for a period of three years beginning with assessment year 2002-2003, which was extended further vide notification number S.O. 788(E), dated the 5th July, 2004 for a period of three years beginning with financial year 2004-2005, which was extended further vide notification number S.O. 1801(E), dated 23rd October, 2007 for a period of three years beginning with financial year 2007-08, and which was extended further vide notification number S.O. 1150(E), dated the 17th May, 2010 for a period of three years beginning ending with financial year 2012-13. And whereas vide notification number S.O. No. 2405(E), dated 18th October, 2011, the project cost was enhanced from Rs. 325 lakh including a corpus fund of Rs. 30 lakh to Rs. 490 lakh including a corpus fund of Rs. 30 lakh. 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 specifying 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 Ambulance, instruments and running of welfare activities (medical aid/camps, distribution of foodgrain and clothes)",which is being carried out by "Shree Baldevdas Charitable Trust, 18, Ravpura Society, B/h. Memnagar Fire Station, Navragpura, Ahmedabad -380009" without any change in the approved cost of Rs.490 lakh including a corpus fund of Rs. 30 lakh, as an eligible project or scheme, for a further period of three years beginning with financial year 2013-14 i.e. 2013-14, 2014-15 2015-16. [F.NO.V-27015/2/2013-SO (NAT.COM)]