Notification u/s 35AC - Notifies the scheme or project "Gift of Vision, Bangalore which is being carried out by Sri Kanchi Kamakoti Medical Trust, Sankara Eye Centre, Sathy Road, Sivanandapuram, Coimbatore -641035 - 62/2013 - S.O. 3180(E) - Income Tax

NOTIFICATION NO. 62/2013 DATED 17-10-2013 S.O. 3180(E) - Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S.O. 1501(E), dated 7th September, 2007 , 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, "Gift of Vision, Bangalore" by Sri Kanchi Kamakoti Medical Trust, Sankara Eye Centre, Sathy Road, Sivanandapuram, Coimbatore - 641035, Tamilnadu, as an eligible project or scheme for a period of three years at the estimated cost of Rs.5.40 crore beginning with financial year 2007-08; which was further extended vide S.O. No. 1131(E), dated 17th May, 2010 for a period of three years ending with financial year 2012-13. And whereas the said project or scheme is likely to extend beyond six 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 "Gift of Vision, Bangalore which is being carried out by Sri Kanchi Kamakoti Medical Trust, Sankara Eye Centre, Sathy Road, Sivanandapuram, Coimbatore -641035, Tamilnadu, without any change in the approved cost of Rs. 5.40 crore, as an eligible project or scheme for a further period of three years commencing with the financial year 2013-14, i.e. 2013-14, 2014-15 2015-16. [F.NO.V-27015/2/2013-SO (NAT.COM)]