Notification u/s 35AC - Notified at serial number 3, "Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Ambasan, District Mehsana, Gujarat" by Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital & Prashutigruh Trust, At & PO Ambasan, Ta & District Mehsana-384435, Gujarat - 70/2013 - S.O. 3188(E) - Income Tax

NOTIFICATION NO. 70/2013 DATED 17-10-2013 S.O. 3188(E) - Whereas by notification of the Government of India, in the Ministry of Finance (Department of Revenue) number S.O. 1084(E) dated the 11th October, 2002, 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, "Running of Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital, Ambasan, District Mehsana, Gujarat" by Smt. Savitaben Ramanlal Dahyalal Shah, Sarvajanik Hospital Prashutigruh Trust, At PO Ambasan, Ta District Mehsana-384435, Gujarat, as an eligible project or scheme for a period of three years beginning with assessment year 2003-2004; which was extended further vide notification number S.O. 1010(E) dated the 5th July, 2006 for a period of two years beginning with financial year 2006-2007, which was extended further vide notification number S.O. 1472(E) dated the 17th June, 2008 for a period of three years beginning with financial year 2008-09; and which was further extended vide S.O. No. 869(E) dated 27th April, 2011 for a period of three years ending with financial year 2013-14. And whereas the project cost is likely to enhance from Rs. 63.75 lakh including a corpus fund of Rs. 28 lakh to Rs. 113.75 lakh including corpus fund of Rs. 28 lakh.; And, whereas, the National Committee for the 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 enhancing the project cost from Rs. 63.75 lakh including a corpus fund of Rs. 28 lakh to Rs. l13.75 lakh including corpus fund of Rs. 28 lakh; 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. 1084(E) dated the 11th October, 2002, to the following effect, namely :- In the said notification, in the Table against serial number (3), in column (4), relating to maximum amount of cost to be allowed as deduction under section 35AC , for the letters, figures and word "Rs. 63.75 lakh including a corpus fund of Rs. 28 lakh", the letters, figures and word "Rs. l13.75 lakh including corpus fund of Rs. 28 lakh" shall be substituted. [F.NO.V-27015/2/2013-SO (NAT.COM)]