Notification u/s 35AC : Notifies the scheme or project for Construction of building of 80 beded General Hospital in an area of 16,449 Sq. ft. with equipment and furniture at Talab Tillo Road, Jammu - 132/2012- S.O. 661(E) - Income Tax

Notification No. 132/2012 12 th March 2013 S.O. 661 (E) -Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue), number S. O. 839(E), dated 22nd November, 1994 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 specified at serial number 8, for Construction of building of 80 beded General Hospital in an area of 16,449 Sq. ft. with equipment and furniture, at Talab Tillo Road, Jammu by BEE ENN Charitable Trust, Talab Tillo Road, Jammu-180 002, as an eligible project or scheme for a period of three years beginning with the assessment year 1995-96 which was extended further vide notification number S. O. 214(E), dated 17th March, 1997 , for a period of three years beginning with the assessment year 1998-99 which was extended further vide notification number S. O. 1029(E), dated 17th November, 2000 for a period of three years beginning with the assessment year 2001-02 ; which was extended further vide notification number S. O. 1244(E), dated 30th October, 2003 for a period of three year beginning with the assessment year 2004-05, which was extended further vide notification number S. O. 486(E), dated 29th March, 2007, for a period of three year beginning with the financial year 2008-09 and which was extended further vide notification number S.O. 3064(E), dated 30th December, 2010 , for a period of three year beginning with the financial year 2009-10 ; And whereas the said project or scheme is likely to extend beyond eighteen 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 for Construction of building of 80 beded General Hospital in an area of 16,449 Sq. ft. with equipment and furniture at Talab Tillo Road, Jammu, which is being carried out by BEE ENN Charitable Trust, Talab Tillo Road, Jammu-180 002, without any change in the approved cost of Rs. 238.88 lakh, as an eligible project or scheme for a further period of three years commencing with the financial year 2012-13, i.e., 2012-13, 2013-14 and 2014-15, [F. No. V-27015/4/2012-SO (NAT.COM)]