Notification u/s 35AC - Notifies the scheme Detection, Prevention Research and Education, Diagnosis, curing and operation to Heart patients, Maintaining of Atithi Griha” by Mahavir Heart Research Foundation, Avanti Apartments, Mumbai - 43/2012 - Income Tax

Notification No. 43/2012 Dated : 14.05.2012 S.O. 1076 (E)- Whereas by notification of the Government of India in the Ministry of Finance (Department of Revenue) number S. O. 469(E), dated 2nd July, 1996, 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 8, (a) Detection, Prevention Research and Education ; (b) Diagnosis, curing and operation to Heart patients ; (c) Maintaining of Atithi Griha by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400 020, as an eligible project or scheme for a period of three years beginning with the assessment year 1997-98, which was extended further vide notification number S. O. 18(E), dated 4th January, 2000 , for a period of three years beginning with the assessment year 2000-2001, which was extended further vide notification number S. O. 686(E), dated 13th June, 2003, for a period of three years beginning with assessment year 2003-04, which was extended further vide notification number S. O. 152(E), dated 3rd February, 2006, for a period of three years beginning with financial year 2005-2006 and which was extended further vide notification number S. O. 231(E), dated 21st January, 2009 , for a period of three years beginning with the financial year 2008-09 ; 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 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 (a) Detection, Prevention Research and Education ; (b) Diagnosis, curing and operation to Heart patients ; (c) Maintaining of Atithi Griha being carried out by Mahavir Heart Research Foundation, Avanti Apartments, Behind Gandhi Market, Sion (East), Mumbai-400 020, without any change in the approved cost of ₹ 315.85 lakh, as an eligible project or scheme for a further period of three years beginning with the financial year, 2011-12, i.e., 2011-12, 2012-13 and 2013-14, but with a direction that as the financial year 2011-12 has lapsed, no certificate under section 35AC shall be issued for the financial year 2011-12. [F. No. V. 27015/2/2012-SO (NAT.COM)]